Here's the Average IRA Balance Today. How Does Yours Stack Up?
A lot of people unfortunately enter retirement with very little money saved and wind up reliant on Social Security to make ends meet. And while there's nothing wrong with having those benefits constitute a portion of your retirement income, they shouldn't represent all or most of it.Rather, it's important to save well for retirement to ensure that you're able to cover your expenses without constant worry. And in that regard, an IRA is a retirement account worth utilizing to the fullest.Image source: Getty Images.Continue reading
A lot of people unfortunately enter retirement with very little money saved and wind up reliant on Social Security to make ends meet. And while there's nothing wrong with having those benefits constitute a portion of your retirement income, they shouldn't represent all or most of it.
Rather, it's important to save well for retirement to ensure that you're able to cover your expenses without constant worry. And in that regard, an IRA is a retirement account worth utilizing to the fullest.
Image source: Getty Images.
