Tag: retirement savings
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Women and Retirement: Why the Gap is $100,000 Wider
Why Women Face a $100,000 Retirement Savings Gap Women are living longer but retiring with significantly less savings. The gender retirement gap averages $100,000 or more—and the reasons are complex and systemic. AVERAGE WOMEN’S 401(k) BALANCE VS. MEN’S $120,000 vs. $170,000 Sources: Vanguard, 2025 Key Factors Behind The Gap Longer life expectancy (women live 5…
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Roth IRA vs. Traditional IRA: The $50,000 Difference in Retirement
Roth IRA vs. Traditional IRA: Which Will Save You More? Choosing between a Roth IRA and a Traditional IRA can make a huge difference in your retirement income and tax bills—often tens of thousands of dollars. Understanding the differences in contributions, taxes, and withdrawal rules is key. 2025 IRA CONTRIBUTION LIMITS $6,500 + $1,000 catch-up…
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The 4% Rule in 2025: Does It Still Work?
Should You Still Follow the 4% Rule in 2025? The 4% rule has been the standard for decades: withdraw 4% from your retirement portfolio each year and, with proper asset allocation, your funds should last 30 years. But with higher lifespans, market volatility, and lower bond yields, is it still safe in 2025? THE 4%…
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Long-Term Care: The $100,000+ Cost Nobody Plans For
The Conversation Nobody Wants to Have (But Everyone Needs To) Here’s a statistic that should terrify every American: 75% of people age 65+ will need some form of long-term care before they die. But only 15% have actually planned for it. AMERICANS NEEDING LONG-TERM CARE 75% of those 65+; average duration: 3 years The Real…
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401(k) Millionaires: How 537,000 Americans Beat the System
The 401(k) Millionaire Club Just Got Bigger While most Americans struggle with retirement savings, a select group has quietly achieved millionaire status through their 401(k) accounts. In 2024, there are 537,000 Americans with at least $1 million in their 401(k)s—a 27% increase from the previous year. 401(K) MILLIONAIRES IN AMERICA 537,000 +27% from 2023 Before…
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The SHOCKING Truth About American Retirement Savings in 2024
The Million-Dollar Myth: What Most Americans Actually Have Saved What if I told you that only 3.2% of American retirees have saved $1 million or more for retirement? That means 96.8% of us are falling short of what experts consider the bare minimum for a comfortable retirement. The average retirement savings for households aged 65-74…
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