Questions tagged [retirement savings]

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Michele Michele Tue Oct 29 2024 | 5 answers 1059

How many Americans have $1,000,000 in retirement savings?

I'm curious about the financial status of Americans when it comes to retirement savings. Specifically, I want to know how many of them have saved up a million dollars or more for their retirement.

How many Americans have $1,000,000 in retirement savings?
DongdaemunTrendsetterStyle DongdaemunTrendsetterStyle Wed Sep 04 2024 | 6 answers 1682

Are 401k fees eating your retirement savings?

Are you concerned that the fees associated with your 401k plan may be eating away at your retirement savings? It's a valid concern, as these fees can add up over time and significantly impact the growth of your investments. Have you taken the time to review the fees associated with your 401k plan and compare them to other options available to you? It's important to understand the impact that these fees can have on your long-term financial goals and to make informed decisions about your retirement savings.

Are 401k fees eating your retirement savings?
CryptoLord CryptoLord Wed Sep 04 2024 | 5 answers 601

What is a disadvantage of using a 401 K for retirement savings?

Could you elaborate on the potential drawbacks of utilizing a 401(k) plan for retirement savings? Are there any limitations or constraints that investors should be aware of when considering this option? How might these disadvantages impact an individual's long-term financial goals and planning?

What is a disadvantage of using a 401 K for retirement savings?
CryptoGuru CryptoGuru Tue Aug 20 2024 | 6 answers 1440

How many people have $1,000,000 in retirement savings?

I'm curious to know, how prevalent is it for individuals to have amassed a million dollars or more in retirement savings? Given the ever-evolving financial landscape and the varying financial strategies employed by different demographics, it's intriguing to contemplate the scale of those who have achieved this milestone. Do a significant portion of the population possess such substantial nest eggs, or is this a rarity among the broader retirement planning community? Understanding the answer to this question could offer valuable insights into financial trends and the success of various retirement planning methods.

How many people have $1,000,000 in retirement savings?
Giuseppe Giuseppe Tue May 21 2024 | 5 answers 1284

Can I retire with 500k?

I'm curious, could I potentially retire with a nest egg of 500 thousand? Given the current financial landscape and considering factors like inflation, taxes, and living expenses, is that a realistic sum for a comfortable retirement? I've been saving diligently and this seems like a reachable goal, but I'd like to hear your expert opinion on whether it's enough to enjoy a stress-free post-working life.

Can I retire with 500k?

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