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Are you on track for retirement? 🚀 Discover the average 401(k) balances by age and income and see how your savings compare. Learn whether you're saving enough, how to catch up on retirement savings, and the biggest 401(k) mistakes to avoid. Don’t let poor planning delay your financial freedom! 🔹 How much should you have saved by 30, 40, 50, or 60? 🔹 Strategies to boost your 401(k) balance 🔹 How to avoid common retirement mistakes Make sure your retirement savings plan is on track to give you a comfortable and secure future! 🔥 #retirement #401k #investing ✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅ / @mikesfinancialedge ___________________________________________________________________________ OTHER VIDEOS YOU MAY LIKE: ►1) Sequence of Returns Risk: • Sequence of Returns Risk Explained: A... ►2) The SECRET to Dollar Cost Averaging: • The SECRET to Dollar Cost Averaging (... ►3) Optimal Order To Invest: • Do This EVERY Time You Get Paid (Mill... ►4) Best Asset Allocation by Age: • Asset Allocation By Age: How To Inves... ►5) Traditional vs Roth 401K: • Traditional vs Roth 401K: The Optimal... ►6) The BIGGEST Beneficiary Blunders: • The BIGGEST Beneficiary Blunders in E... ►7) How to choose between Traditional and Roth 401Ks: • Traditional vs Roth 401K: The Optimal... ___________________________________________________________________________ 0:00 Introduction 0:40 Average Defined 2:09 Under 25 Average 401k 3:15 25-34 Average 401k 3:43 Recommended Savings Rate 6:09 35-44 Average 401k 6:47 Fidelity's Recommended 401k Balances 8:13 45-54 Average 401k 8:37 55-64 Average 401k 9:05 Over 65 401k 9:30 401k Balances by Income 11:04 401k Performance 12:18 401k Mistakes Disclaimer: I am not a financial advisor, CPA, or tax professional. This video and the ideas presented are for educational and entertainment purposes only and should not be considered financial or legal advice. It is essential to conduct your own research and consult a qualified professional for guidance tailored to your unique circumstances. I share my passion for personal finance, stock market investing, and money management to help others on their financial journey, but these are my personal views—not individual financial advice.