Rob talks about the average 401k balance and how it can impact your retirement. #shorts #savings #investing #finance #retirement #401k #crypto #inflation #recession

Watch and Enjoy!

✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅

📚GET A FREE COPY OF OUR BRAND NEW BOOK! :

🤝 GET FREE CONSULTATION HERE: 🤝

💰GET OUR FREE FINANCIAL FREEDOM ROAD MAP💰

📈 DOWNLOAD YOUR FREE CASH FLOW ANALYSIS GUIDE 📈

GET ACCESS TO OUR GUARANTEED INCOME GUIDE

📲 CONNECT WITH ROB AND EPIC FINANCIAL STRATEGIES
=================
Rob Gill – Instagram
Facebook
Twitter
YouTube Channel
LinkedIn:
TikTok:
EPIC – Instagram
EPIC – Facebook

“EPIC Financial Strategies” is a trade name referring to EPIC Insurance Services, LLC. All references to “EPIC” contained in this video pertain to EPIC Insurance Services, LLC.
Robert Gill is not in the business of providing investment advice and specifically disclaims any liability, loss or risk incurred as a consequence, either directly or indirectly, through the use of any of the information contained in this video. Also, Robert Gill, in his appearance on various social media platforms, does NOT provide ANY legal, accounting, securities, investment or tax advice, and the opinions he shares are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Robert Gill does not endorse ANY specific investments, financial advisors or securities brokerage firms. Robert Gill is not a securities-licensed professional, financial planner or investment advisor.
The views and opinions of any guests who may appear in the videos on this channel, regardless of whether they hold any securities, advisory or insurance license, are shared for informational and educational purposes only. Any chart, illustration or other demonstrative contained in this presentation or video is for educational purposes only and does not represent the actual performance of any specific product. And whether they originate with Robert Gill or any guest, the views and opinions of persons appearing in these videos should not be considered investment, financial, legal or tax advice. Before making any investment or other significant financial decision, viewers should consult with qualified and licensed professionals, who will assess the appropriateness of the decision in light of each individual’s specific goals, experiences and financial status.
It is possible that certain material facts, including but not limited to legal conditions directly affecting the functions of products discussed herein, may have changed in the time since this video was filmed. Viewers should not assume that such conditions have remained the same in the ensuing period.

#EPIC
#WealthManagement
#MoneyMindset…(read more)

LEARN MORE ABOUT: 401k Plans

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

As people get older and approach retirement, one of the most important financial considerations is how much money they have saved in their 401k. This retirement savings plan is a popular option for many Americans, and while there is no magic number when it comes to how much is enough, it is important to have a sense of what the average balance is for people in this stage of life.

According to data from Fidelity Investments, the average 401k balance for individuals between the ages of 55 and 64 was $422,100 as of the end of March 2021. This represents a significant increase from the same period in 2020, when the average balance was $345,500. This jump in savings is likely due to a combination of factors, including market gains and increased contributions from account holders.

However, it is important to note that this average balance does not tell the whole story. Many people in this age group may have less saved than this amount, while others may have much more. In fact, Fidelity’s data shows that 20% of 401k account holders in this age range had balances of $700,000 or more.

There are also other factors to consider when determining whether someone’s 401k balance is on track for retirement. For example, individuals who plan to retire early or who have significant medical expenses to consider may need to save more than the average to ensure a comfortable retirement. Additionally, the cost of living in different parts of the country can vary greatly, which means that what constitutes a comfortable retirement for one person may not be the same for another.

Regardless of where someone falls relative to the average, it is important to make sure that their 401k balance is aligned with their retirement goals. This may involve making adjustments to their savings strategy, increasing contributions, or exploring other retirement planning options.

In conclusion, while the average 401k balance for people approaching retirement has risen in recent years, it is important to consider this figure in the context of individual retirement goals and financial circumstances. By taking a proactive approach to retirement planning and regularly reviewing their savings strategy, individuals can ensure that they are on track to achieve their retirement dreams.