It suggests withdrawing 4% of your nest egg in your first year of retirement, adjusting for inflation in subsequent years.

You have to do more than just throw money into your 401(k) if you want to grow your savings as quickly as possible.

Fact checked by Vikki Velasquez Key Takeaways The average 401(k) balance for people in their 60s was $568,040 in June 2025. The median amount saved was much lower, at $188,792.How much you need to ...

Retirement planning involves more than building a nest egg, it also requires managing taxes so you keep more of your savings.

Based on the stories of six 401 (k) millionaires profiled below, saving $1 million for retirement sounds easy. If everyone ...

The purpose of building a retirement nest egg is to have money to spend later in life. But it’s important to manage your ...

This shift marks a significant moment for individual accredited investors, particularly those exploring pre-IPO investment ...

The reality is sobering: The average 401 (k) balance of a Gen Xer is about $190,000, while the average balance for Boomers ...

In this case, buying LTC insurance could make sense. With a strong retirement cushion and manageable expenses, he could ...

But if you're under 59 1/2, taking money out of your 401 (k) comes with a hefty tax bill. In addition to owing income tax on ...

Public reaction has largely focused on whether such investments are too risky for retirement savers. What has been overlooked ...

The ranks of 401 (k) millionaires reached an all-time high of 595,000 individuals in the second quarter, Fidelity said. The ...