Where Americans Have the Most Retirement Savings

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Tax-advantaged retirement accounts can give savers a leg up in building their nest egg. While many American workers qualify for Social Security benefits in retirement, these benefits are rarely enough to cover expenses—especially since retirement often brings added costs for health care and aging. On average, Americans have roughly one year’s worth of their current annual income saved in tax -advantaged accounts. For most households, that figure hovers around $80,000. However, the face value

Where Americans Have the Most Retirement Savings http://www.newsweek.com - 05:59

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Where Americans Have the Most Retirement Savings http://www.newsweek.com - 05:59