By Peter J. D’Arruda | Wednesday, 25 Oct 2017 03:04 PM Let’s start with some good news. The average American’s 401(k) balance has never been higher.
According to a recent Fidelity Investments quarterly analysis, the average balance in its 401(k) accounts grew to $97,700, a 9.7 percent increase from the same point last year when the average balance was $89,100.
But that good news is tempered by a piece of bad news. Most people still won’t have enough money to cover their costs in retirement – especially if they don’t have an employer pension or some other guaranteed income source to […]
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