Premium Only Content
How the Average American Retirement Looks in 60 Seconds
Retirement balances for accounts like 401(k)s and IRAs for people that are 65 years of age or older averaged roughly $400,000. About 12% of households have over $1 million and about 6% have between $700,000 and $1 million.
For most people, social security benefits are going to be the major source of income during retirement. The average monthly benefit is $1,825 which is an 8.7% increases versus last year. The longer you delay the start of social security benefits, the more money you will get each month.
Households composed of people 65 years of age and older spend over $7,000 a year on healthcare on average. About $5,000 of this is for health insurance, $1,000 is for supplemental Medicare plans, $1,000 is for medical services like eye and dental care, and over $700 is for prescription and nonprescription drugs.
Works Cited:
https://www.wsj.com/articles/retirement-charts-social-security-savings-health-efa1962b?mod=hp_lead_pos7
-
3:46
The Last Capitalist in Chicago
1 year ago $0.06 earnedBeneficiary forms can override your will
286 -
2:48
Steven Crowder
12 hours agoCROWDER CLASSICS: What’s This? | Nightmare Before Kwanzaa (Nightmare Before Christmas Parody)
188K12 -
1:01:17
The StoneZONE with Roger Stone
2 hours agoChristmas Edition: Why the Panama Canal is Part of the America First Agenda | The StoneZONE
3.3K5 -
LIVE
LFA TV
13 hours agoLFA TV CHRISTMAS EVE REPLAY
641 watching -
LIVE
tacetmort3m
20 hours ago🔴 LIVE - THE ZONE KEEPS PULLING ME BACK - STALKER 2 - PART 15
288 watching -
22:45
Brewzle
10 hours agoI Went Drinking In A Real Bourbon Castle
2711 -
48:36
PMG
1 day ago $0.06 earned"Parkland Parent Speaks Out On Kamala Harris Using Victims"
4172 -
4:06
The Lou Holtz Show
8 hours agoCoach Lou Holtz’s Heartfelt Christmas Message 🎄 | Family, Faith & Notre Dame Spirit 💚 #christmas
63 -
51:35
Dr Steve Turley
1 day ago $14.43 earnedROSEANNE BARR - Her Journey, TRUMP, and the MAGA GOLDEN AGE! [INTERVIEW]
35.4K49 -
57:38
The Tom Renz Show
6 hours agoMerry Christmas - The Tom Renz Show Christmas
73.9K15