Mehmet Hilmi Barcin / Getty Images/iStockphoto
According to the Federal Reserve Survey of Consumer Finances (1989-2022), the average retiree (ages 65 to 74) has $609,230 in retirement savings. For older individuals (ages 75 and older), this number drops to $462,410.
Try This: Cutting Expenses for Retirement? Here’s the No. 1 Thing To Get Rid Of First
Be Aware: 9 Easy Ways To Build Wealth That Will Last Through Retirement
Wherever your retirement savings are at, it doesn’t hurt to have a little more than you need. After all, you never know what life might throw at you that even your best-laid retirement plans didn’t quite account for. And even if you don’t end up needing it yourself, you might want to leave something behind for your descendants.
Whether or not you’re saving enough already, here are some alternative investments to consider if you want to grow your nest egg even…
