What does the average retiree have saved? - MSN
The Federal Reserve’s Survey of Consumer Finances states the average retirement savings of $426,000 for those aged 65 to 74 is $426,000, and for those aged 75 and older is $357,000, well below the recommended magic $1 million mark. However, these numbers are from 2019 and do not reflect the losses most retirees have experienced in the last few years. So, what does the average retiree have saved? Rebecca Lake reports that the majority of retirees are not millionaires; however, it is possible to reach $1 million in savings if you’re strategic in your approach. Read Ms. Lake’s article here…
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