If you are like most people, you have not saved nearly enough money to maintain your standard of living once you retire from your job. According to a study from Fidelity Investments, the average retirement savings for 11.8 million 401k balances in America is just $74,600. In most cases, that is maybe the equivalent to a year’s salary. Certainly not enough to keep you in the life to which you have been accustomed for the twenty five or so years you will likely have left to live. If you are over 55 years old, you could be better off than the average of all retirement accounts, with the study showing you probably have about $130,000 in your … [Read more...]