The numbers tell us that a very large segment of Americans nearing retirement need to heed these foundational strategies. Federal Reserve data indicates that the median balance in a retirement account in 2019 for a working household nearing retirement (age 55-64) was just $144,000 – an amount that will not last very long in retirement. And it looks worse when you look beyond the median figures – most of the assets are being accumulated in the two highest quintiles of income.
Nine Lessons to Be Learned From the Hilton Family Trust Contest
This article discusses the contest of Barron Hilton’s