Are you doing better than the average American at saving in your 401(k)? We’ll talk about basics of a 401(k), including new limits, employer matches, and vesting schedules, how many millionaires are created by 401(k)s, and of course the average 401(k) balance by age.

In this episode, you’ll learn:

• The basics of a 401(k)
• The average 401(k) balance of Americans in every age group
• How much you need to be investing each month in order to reach millionaire status by age 65

Research and resources from this episode:

• One-Third of American Workers Are Leaving Free Money on the Table
• 401(k) Plan Research: FAQs
• Fidelity Building Financial Futures Report

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