The Currency
On average, Americans hope to retire by age 62, but believe they’ll retire by 70. Here’s how those predictions break down by generation:
Source: Empower “Goal Oriented” study, 2024.
On average, Americans hope to retire by age 62, but believe they’ll retire by 70. Here’s how those predictions break down by generation:
Source: Empower “Goal Oriented” study, 2024.
What is the average asset allocation by age?
Money
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Investment portfolios vary by age, goals, risk tolerance, and other factors. Learn more about the average portfolio mix by age.
The average 401(k) balance by age
Money
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The 401(k) is one of the most common investment vehicles to save for retirement. See how your long-term savings stack up.
What a backdoor Roth IRA is and how to use it
Money
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A backdoor Roth IRA essentially lets you convert your nondeductible traditional IRA contribution to a Roth IRA.