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How much money Americans have in their 401(k) accounts
Here is how much money Americans have in their 401(k)s at every age
Kathleen Elkins | @kathleen_elk
11:24 AM ET Wed, 12 Sept 2018
Contributing to an employer-sponsored 401(k) plan is an effective way to save for retirement: You get significant tax advantages, the money is automatically taken from your paycheck before you have the chance to spend it and, often, companies offer a match, which is essentially free money.
Consistent contributions can even make you a millionaire. In fact, the number of Fidelity 401(k) accounts with a balance of $1 million or more recently hit a record of 168,000, up 41 percent from last year.
To give you an idea of how your retirement savings stack up against your peers, check out the average 401(k) balances in Fidelity accounts, as of the second quarter of 2018, broken down by age. The data was provided to CNBC Make It by Fidelity, the nation's largest retirement-plan provider:
Age 20 to 29: $11,500
Age 30 to 39: $42,700
Age 40 to 49: $103,500
Age 50 to 59: $174,200
Age 60 to 69: $192,800
Here are the average contribution rates by age, also from Fidelity:
Age 20 to 29: 6.8 percent
Age 30 to 39: 7.6 percent
Age 40 to 49: 8.4 percent
Age 50 to 59: 10 percent
Age 60 to 69: 11.1 percent
How much should I be saving for retirement?
What if I don't have a 401(k)?
If you're one of the many Americans without access to a 401(k), don't stress, and don't use that as an excuse to put off saving for retirement. You have plenty of other options, including a traditional, Roth or SEP IRA, a health savings account (HSA) or a normal investment account.
Read up on all of your options, choose an account to fund and start setting aside money for your future today.
Don't miss: 1 in 3 Americans have less than $5,000 saved for retirement—here's why so many people can't save
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Here  is  how  much  money  Americans  have  in  their  401(k)s  at  every  age  needsEditing  401k  retirement  investment 
september 2018 by neerajsinghvns
Voting and Election Laws | USAGov
https://www.usa.gov/voting-laws#item-212487 ;;;
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Voting  and  Election  Laws  |  USAGov  ||  Voter  accessibility  ADA  americans  with  disabilities  act  HAVA  help  america  vote  nationalLevel 
january 2018 by neerajsinghvns

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