Two big hurdles keep many Americans from saving for retirement

Two big hurdles keep many Americans from saving for retirement

Article Excerpt: "...For many Americans, saving for retirement is a luxury. More than one-third of Americans say they’ve never had a retirement account, such as a 401(k) or an Individual Retirement Account (IRA), according to a Bankrate.com survey. ..."

Resource: yahoo.com

51% of Older Workers Could Get $2,000 or Less From Retirement Savings

51% of Older Workers Could Get $2,000 or Less From Retirement Savings

Article Excerpt: "...Sadly, for most people, that's not going to be nearly enough. That's because the average Social Security benefit is just $1,657 in 2022. A senior who gets only $2,000 in investment income to supplement it would have to live on only $21,884 per year. ..."

Resource: www.nasdaq.com

A record number of workers are becoming millionaires with their boring 401(k)s and IRAs.

A record number of workers are becoming millionaires with their boring 401(k)s and IRAs.

Article Excerpt: "...many current millionaires are government workers, civil servants, educators, military service members (or retired military), managers or co-workers clocking in just like you, leaving at the end of a shift to run and pick up their kids from school. Many never earned six-figure salaries. ..."

Resource: www.washingtonpost.com