Thursday, March 7, 2013

How much do you have saved for retirement?

Fidelity released this information around Valentine's Day. CNBC had the best article I read showing us the state of American's 401(k)s:
The amounts that investors have saved through their 401(k)s vary widely depending on a participant's age. Fidelity said the average year-end balances were $143,300 for participants 55 and older and not yet retired; $120,400 for baby boomers born from 1946 to 1964; $59,100 for Generation Xers born from 1965 to 1978; and $15,400 for those in Generation Y, born from 1979 to 1991.
In case you missed it here is CNBC's article.

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