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This content focuses on the average 401(k) balance by age in 2024, providing guidelines on how much one should save in their 401(k) by different age brackets. A 401(k) is a retirement savings plan offered by many employers in the United States. The amount one should save varies based on factors such as age, income, and retirement goals. The 2024 edition likely reflects updated statistics and recommendations to help individuals plan for their retirement.

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