Forties: Build Nest Egg, Avoid Retirement Crisis
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Folks in their forties face a challenging financial landscape, with median retirement savings at just $37,700 and nearly 40% having zero savings. The average jumps to $277,538, but this is skewed by a few wealthy households. Most arent close to benchmarks like Fidelitys rule of three times salary by forty or four times by forty-five. Gen X, aged forty-six to sixty-one, averages $222,100 in 401(k)s. To catch up, max employer matches, consider Roth IRAs, and eye those fifty-plus catch-up contributions. The forties are your chance to build that nest egg.
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