The average 401k only has a median value of $65,000. Yes, SIXTY FIVE THOUSAND.
For a 65-year old person who wants to retire, $65,000 dollars is a joke.
Even if you also have social security benefits, SSI is only funding about 40% of your living expenses.
Wall Street has been looting the 401ks that people think will save them when they retire.
Don’t keep doing what the majority of people do — They blindly contribute to a 401k, invest nothing, buy no assets, have no financial plan, and blame the government when they go broke.
Mike K.
Mike is a front end web developer and marketing specialist. He enjoys writing about the internet, technology, finance, investing and health related topics.