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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.
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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.
Becoming the 401(k) millionaire next door
Life
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The amount of retirement millionaires continues to grow, according to Empower data, with 9.1% of Americans falling into this category of retirement savers.
Will 2025 be the year of the first-time home buyer?
Life
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Empower research shows that more than half of Americans equate home ownership to financial success, but the surge in home prices may be pushing the dream out of reach for some.