This Is the Average 401(k) Balance for Retirees Age 65 and Older

When you mention a retirement account, most Americans likely think of a 401(k). It's by far the most popular and used retirement account in the country, which makes sense when considering its benefits.Not only does a 401(k) allow you to save and invest for retirement, but it also gives you a tax break for doing so by allowing you to lower your taxable income in the year you make contributions. It's a win-win.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool