📈 Average 401k Balance 2023 By Age (New DATA From Fidelity) 📊
🔑 Key Takeaways: The latest data from Fidelity Investments reaffirms the positive trend in retirement savings across different age groups. While the average retirement balances vary by age, it's crucial to remember that everyone's financial and retirement journey is unique, and comparing yourself solely to these figures might not reflect your individual circumstances accurately. However, this information can serve as a valuable benchmark and a motivator to take charge of our financial and retirement futures.
💡 The Power of Saving: No matter where you currently stand in your retirement savings journey, this data underscores the importance of consistent and disciplined retirement saving habits. By making incremental contributions to your 401k or other retirement accounts (IRA, Roth IRA, Taxable Investing Accounts), you're building a foundation for financial security and freedom in the retirement years to come.
🚀 Keep the Momentum Going: Let's celebrate these positive strides in retirement savings, while also encouraging one another to continue the momentum. Together, we can spread financial literacy, promote smart investing strategies, and empower more individuals to take control of their financial well-being.
**To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: https://pearlwealthgroup.com/contact/** ☎️
Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for "retirement planning at 30", "retirement planning at 40", "retirement planning at 50", or even "retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement.
Here at Pearl Wealth Group, we run a trademarked retirement investment and retirement income plan for individuals and families who are wanting to retire called "Your Financial EKG™." What we are trying to visualize is how long a persons retirement savings are going to last throughout retirement. If you are looking for early retirement planning tips or trying to saving for retirement in your 50's, You Financial EKG™ is a great tool to help you understand where you are retirement planning. Retirement planning and retirement income strategies shouldn't be complicated. They should just be done right.
❌ **Please make sure you talk with your CPA, Financial Advisor, Retirement Planner, or Investment Advisor Representative, before implementing any content from this channel. All videos are for informational and educational purposes only. None of the content, comments, responses, information, or any other item on this channel constitutes financial advice or recommendations. Please call Pearl Wealth Group at 813-807-5060 to go through your Retirement Income, Retirement Investments, or Retirement Plan in more detail.** ❌
