Have you ever wondered how the size of your nest egg compares to what your friends or coworkers have saved for retirement? U.S. News recently updated a tool that gives you a sneak peek into how much cash Americans have stashed away in their 401(k)s and the investments they have chosen, by age group.
The numbers come from an analysis of 21.8 million participants in 56,232 employer-sponsored 401(k) plans done by the Employee Benefit Research Institute and the Investment Company Institute, as of the end of 2007.
Most 401(k) balances have declined significantly since then. Tell us, how does your retirement stash now compare to last year's national averages?
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Ora Baldwin of MS 3:34PM December 22, 2008