How does Your 401(k) Compare to the Average?

How does Your 401(k) Compare to the Average?

Key Points The average 401(k) balance differs among people in different age ranges. Most people do not have enough money saved in their 401(k). You can beat the average and have a secure retirement if you invest regularly and take advantage of your employer match. 4 million Americans are set to retire this year. If you want to join them, click here now to see if you’re behind, or ahead. It only takes a minute. (Sponsor) Is your 401(k) accoun…

Traditional Individual 401(k) Employer Profit-Sharing Contributions

Traditional Individual 401(k) Employer Profit-Sharing Contributions kathryn.thorson Thu, 02/27/2025 - 12:02 Traditional Individual 401(k) Employer Profit-Sharing Contributions- When the EMPLOYER contributes to a Traditional Individual 401(k), it is generally classified as a business expense and taken as a tax deduction on the business’ tax return for the year allocated.- When the EMPLOYEE receives that contribution, it would not be taxable inc…