👵Retirees with 401k and IRA balances over $150,000 are ahead of their peers
😌The vast majority of retirees are content in retirement despite media fearmongering
💰Median net worth for those 55 to 64 is $364,000
💵Income in retirement drops, but taxes decrease too
👴Social Security replaces a significant amount of income
Are retirees with 401k and IRA balances over $150,000 doing well?
—Yes, they are ahead of their peers.
Are retirees generally content in retirement?
—Yes, the vast majority of retirees are content despite media fearmongering.
What is the median net worth for those 55 to 64?
—The median net worth is $364,000.
Does income in retirement decrease?
—Yes, income typically decreases in retirement but taxes also decrease.
How much does Social Security replace?
—Social Security replaces a significant amount of income for retirees.
00:00Retirees with 401k and IRA balances over $150,000 are ahead of their peers
09:00The vast majority of retirees are content in retirement despite media fearmongering
14:00Median net worth for those 55 to 64 is $364,000
17:00Income in retirement drops, but taxes decrease too
20:00Social Security replaces a significant amount of income for retirees
