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Reply to "People who don't save for retirement"
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[quote=Anonymous][quote=Anonymous]Those stats might not be accurate. Average 401k balance doesn’t mean total net worth. I have a Roth IRA with only $7000 in it and another IRA with 60k. One of my 401k’s has 120k. Total net worth is in the millions. [/quote] Same here, but I do think that for the "average" American, the first saving vehicle is a 401K or IRA or similar, and so the stats portray a certain level of poverty and lack of preparedness. They don't all have millions in a brokerage account, and don't own several properties. [/quote]
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