How Much Are Americans Saving in Their 401(k)s | 485

Is saving 15% enough for your retirement?

What happen if the stock market is still overvalued?

Most data shows that the average savings of Americans putting money in a 401(k) are still not enough not because they aren't saving enough, but because they're thought of something impossible to get from these retirement plans. Today, Chris Miles talks about the truth from the money that Americans saved in their 401(k) versus what's being thought of by financial advisors.  

Learnings From This Episode:

• ​Average 401(k) Savings and Contribution by Age
• Why It Shows That Americans Aren't Saving Enough
• Why It's Not a Good Idea to Put Money in 401(k) for People Ages Over 60
• Impacts of Inflation to 401(k) and Retirement Savings
• Reality About the Money that Americans Can REALLY Save in a 401(k)
• Importance of Knowing Who You Are and the Type of Investment that You Really Want to Do

Reference: https://www.cnbc.com/2021/02/24/how-much-americans-have-saved-in-their-401k-by-age.html

Chris Miles, the "Anti-Financial Advisor," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He’s an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and spoken to thousands getting them fast financial results.

• http://moneyripples.com/
• https://www.facebook.com/moneyripples
• https://www.youtube.com/channel/UCJS6bPY8sm53pkjiCSuBKMA