The average 401(k) balance came in at $80,600 at the end of the second quarter of this year (2013) according to a report released by Fidelity, which represents 12.4 million U.S. workers.
Sixty percent of employers offer some sort of retirement plan but only about fifty percent of employees take advantage of the plans offered.
So often I hear from listeners who are about to retire and they realize they fall into the category of having too many retirement plans.
You really want to start your retirement off debt free.
The WBZ Kidcast Mobile studio was at The hatch shell for Free Friday Flicks on August 2nd, 2013!
A rollover IRA is when you transfer money from a retirement account into an IRA.
Some experts believe you are going to need a million dollars saved for a comfortable retirement.
There are thousands of mutual funds to choose from and you will need a disciplined process to whittle down the number to something that is manageable.
To reach your financial goals of a comfortable retirement you will be investing in the stock market.
According to a Fidelity survey, done in December, 52% of Americans listed “saving more money” as their top financial resolution.