The Average 401(k) Balance Today May Surprise You
There's a reason so many people end up financially stressed in retirement. Many workers close out their careers with little to no savings, falling back on Social Security instead.
That's a big problem. Social Security will only replace about 40% of your pre-retirement income if you earn an average wage. Most retirees, however, can't afford a 60% pay cut. So it's important to do what you can to build a retirement nest egg.
Image source: Getty Images.
Source Fool.com
