What’s the Average 401(k) Balance by Age?

Frank Baker

F. Baker Advisors
134 W University Dr
Suite 203A
Rochester, MI 48307

Sep 11, 2019

The Biggest Retirement Mistakes to Avoid
The road to retirement is full of obstacles, but knowing what lies ahead can help you successfully overcome them. Think of a retirement plan as a road map (in the days before GPS) that will help you avoid wrong turns, like …
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What’s the Average 401(k) Balance by Age?
Any mental health professional will tell you that comparing yourself to others isn’t good for peace of mind. However, when it comes to …
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3 Simple Steps To Improving Your Credit Score
The average American has a credit score of 704. If your Fair Isaac Corporation (FICO) score is around that number, that’s fantastic …
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0-40 $5,000
41-55 $4,000
56-65 $3,000
66-75 $2,000
79-90 $2,000*
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Credit card companies take cue from startups on flexible payment plans
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For Teachers, the Money Keeps Getting Worse
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Can Your 401(k) Impact Your Social Security Benefits?
No. The income you receive from your 401(k) or other qualified retirement plan does not affect the amount of Social Security retirement …
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Millennials are swiping right on these attractive money habits
Think about the traits people consider attractive. What comes to mind? You may have said physical beauty, stylish dress, and a charming …
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Why I refused to lend money to my parents
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11 Ways College Students Can Save Money
Bedding, check! New school clothes, check! Books—yikes, but check! As summer comes to a close, college students all over the country …
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Here are the best cities to negotiate your home price
The US real estate market is pretty strong: Expert. DeBianchi Real Estate’s Samantha DeBianchi gives her take on the U.S. real …
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Should a Widow Pay Off Her Mortgage?
Susan, a referral from a colleague, is a recent widow. She called and wanted to know my thoughts on using her late husband’s life …
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“I give myself six hour lunches and give myself a raise whenever I need more money. Those are my stress management techniques.”
Copyright © Randy Glasbergen

Trivia
The financial ratio which divides a company’s ‘liquid assets’ by ‘current liabilities’ is known by what popular term?See the answer below.

3 Ways to Get Social Security Benefits
First created in 1935 as part of President Franklin D. Roosevelt’s New Deal, the Social Security Administration (SSA) …
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What Year Was It?

Attack on America

At 8:45 a.m. on a clear Tuesday morning, an American Airlines Boeing 767 loaded with 20,000 gallons of jet fuel crashes into the north tower of the World Trade Center in New York City.
The day was Sep 11. What year was it?

Quote of the Week
“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people that they don’t like.”
Will Rogers

Trivia Answer
The financial ratio which divides a company’s ‘liquid assets’ by ‘current liabilities’ is known by what popular term?
Answer: Acid Test (or ‘Quick Ratio’)

What’s the Average 401(k) Balance by Age?

What’s the Average 401(k) Balance by Age?

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