Ep 55: How Does Your Retirement Savings Compare to Average American?

Have you ever wondered how your savings plan compares to the average American? Vanguard released a report with stats on retirement accounts and we’re going to look at some of the most interesting data to come out of the past year.

 

Read more and get additional financial resources here: https://principalpreservationservices.com/ep-55-how-does-your-retirement-savings-compare-to-average-american/ 

 

Read the full Vanguard report: https://institutional.vanguard.com/ngiam/assets/pdf/has/how-america-saves-report-2020.pdf

 

What we discuss on this show: 

6:01 – Majority of assets in 401Ks or something similar

7:41 – Maximizing your 401K contributions

8:58 – 1 in 5 use Roth or after-tax option

10:08 – Statistics on employer matches

12:39 – Average rates of return

16:24 – Leaving money with former employer

19:40 – How we help educate clients

21:53 – 76% of people have balanced strategies