Record Highs in 401(K) Contributions Retirement accounts in the U.S. reached record highs by the end of 2018’s third quarter. The average account balance was $106,500 for 401(k) plans, and the number of 401(k) millionaires in the U.S. increased to 187,400, up 41 percent from 2017. This trend may continue, because of an increase in 2019…

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What is it Like to Be a Senior Entrepreneur? Rob Horken — owner of Rob’s Rod Repair and Custom-Built Fishing Rods — supplements his retirement income by building custom-made fishing rods. An avid, lifelong fisherman in East Grand Forks, Minnesota, Rob’s rods are like individual works of art. They have become a popular choice in…

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Statistically, You Probably Will When we plan for retirement, there are more than a few uncertainties. At first, you might think that you can take care of unplanned expenses with a rainy day fund, but it depends on the complexity and magnitude of any unforeseen costs. According to Morningstar, 52.3% of people turning 65 will…

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