Generally, 401(k) retirement plans will provide an employee with approximately 20 mutual funds, usually a mix of actively managed funds (domestic and international) and passive index funds, from which to choose for their retirement plan contributions. When an employee has this many options available...
Again, for reference on where a person may want to be at for retirement savings goals, the average 401k savings for someone between the ages of 30 and 39 in 2019 was $38,400. Average Savings by Age: 45 to 54 People between the ages of 45 and 54 had an average savings account balan...
But remember that a pediatrician family still will have enough income that, if managed well, will provide a wonderful life during the career and still allow for retirement at traditional retirement age without ever feeling financially deprived. More information here: Financial Advice for ‘Low-Income...
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Insurers look at the cost to rebuild your home, which depends on the size of the house and the cost of local labor and materials. If your house has high-end features, it’ll cost more to rebuild it, which could mean a higher home insurance rate. Read more about how much home insuranc...
We tend to reach “peak net worth” in our early 70’s, otherwise known as the first few years after our typical retirement age. Then we draw upon those assets because we stop working full-time. It’s also when Social Security starts paying and that’s an income stream not represented ...