From Yahoo Finance: 2025-06-29 12:04:00

Americans are saving more for retirement than ever before, with the average 401(k) savings rate hitting a record 14.3%. However, many still feel behind in their retirement savings. Financial advisor Michael Green emphasizes the importance of personalized retirement savings goals, as everyone’s situation is unique. Utilizing online calculators can help determine a realistic savings target. It’s crucial not to compare oneself to others on social media, as financial influencers may not have the same circumstances. By following expert advice, like maxing out 401(k) matches and utilizing tax-advantaged accounts, individuals can get their retirement savings back on track.



Read more at Yahoo Finance: 2 Reasons You Shouldn’t Panic if You Think You’re ‘Off Track’ With Retirement Savings