Average 401(k) Balance by Age (2021 Edition): Are You Behind?

It's shocking that 35% of American employees are leaving free money on the table by not getting their employer match. 401(k) accounts tend to hold the largest amount of assets in the average portfolio. In fact, 80% of millionaires invested in their 401(k) match and many credit this account as being a huge catalyst to reaching their first $1 million. How does your 401(k) balance compare to the average American? This episode helps you discover not only how powerful this wealth building tool can be, but gives benchmarks for where most people are and where you should be in your 20s, 30s, 40s, 50s, and beyond! For more information, visit: https://www.moneyguy.com/2021/04/average-401k-balance-by-age/ Learn more about your ad choices. Visit megaphone.fm/adchoices