Tuesday, January 31, 2006
Baby Boomers' 401(k) Balances Surpass $100,000
Baby Boomers turning 60 this year who plan to cash in on their retirement account savings can look forward to walking away with an average of $112,000, according to a report released by Boston-based Fidelity. "The 401(k) will be a vital source of income for older boomers," says Jack Callahan, president of Fidelity Institutional Retirement Services. And although 401(k) balances other savings among those between 50 and 59 years of age is at the highest of any demographic group, they still have not saved enough, according to Callahan.
Baby Boomers' 401(k) Balances Surpass $100,000
Source: Financial-Planning.com
Baby Boomers' 401(k) Balances Surpass $100,000
Source: Financial-Planning.com
Permalink posted by armandn @ 1:06 PM 
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