(402) 461-4893  preston@eladvisors.us
Mon - Fri 8am - 5pm
(402) 461-4893  preston@eladvisors.us
Mon - Fri 8am - 5pm
Hastings, Nebraska Financial Advisors

Company Veterans Win at Retirement

Englund & Lindsteadt Financial Advisors > Blog > Company Veterans Win at Retirement

Retirement plan account balances generally rise with participant age and length of time on the job. Examining the interaction of both age and tenure with retirement plan account balances reveals that, for a given age group, average retirement plan account balances tend to increase with tenure.

Start saving early in your career and stay with your employer to increase your retirement savings. If you have questions about how much to contribute to your retirement plan, please contact Preston Englund at (402) 461-4893 or preston@eladvisors.us.

Securities offered through IFP Securities, LLC, dba Independent Financial Partners (IFP), member FINRA/SIPC. Investment Advice offered through IFP Advisors, LLC, dba Independent Financial Partners (IFP), a Registered Investment Adviser. IFP and Englund& Lindsteadt Financial Advisors are not affiliated. The information given herein is taken from sources that IFP Advisors, LLC, dba Independent Financial Partners (IFP), IFP Securities LLC, dba Independent Financial Partners (IFP), and it advisors believe to be reliable, but it is not guaranteed by us as to accuracy or completeness. This is for informational purposes only and in no event should be construed as an offer to sell or solicitation of an offer to buy any securities or products. Please consult your tax and/or legal advisor before implementing any tax and/or legal related strategies mentioned in this publication as IFP does not provide tax and/or legal advice. Opinions expressed are subject to change without notice and do not take into account the particular investment objectives, financial situation, or needs of individual investors. Prepared by 3rd party.

*At year-end 2014, the average account balance among all 24.9 million 401(k) plan participants was $76,293; the median account balance was $18,127. The tenure variable is generally years working at current employer, and thus may overstate years of participation in the retirement plan.
Source: Tabulations from EBRI/ICI Participant-Directed Plan Data Collection Project, see Figure 13 in “401(k) Plan Asset Allocation, Account Balances, and Loan Activity in 2014,” ICI Research Perspective (April 2016).