Fidelity provided data to CNBC to determine the average amount Americans have in their retirement savings account at each age (as of the first quarter of 2019). Here's what the company discovered.
This is what's wrong with American Free Enterprise. It has left an average of almost $200,00 of untapped wealth in the hands of people 60-69. There must be better ways of robbing and beguiling them before the pitchfork to the chest.
just may prove that investing with Fidelity results in poor returns.
Fidelity is definite scammy. Have had their 401(k) plans several times, always involuntarily through an employer, and found them consistently worse than other companies in terms of investing options and the ability to easily move money out of Fidelity when employment ended.
20-29: $11,800
30-39: $42,400
40-49: $102,700
50-59: $174,100
60-69: $195,500
https://finance.yahoo.com/news/average-401-k-balance-age-163125540.html