Your age, gender, and occupation all influence how much you have saved for retirement — see how your account value compares.
The banks with the best IRA CDs offer high APYs and a variety of term lengths, and they don't charge maintenance fees.
My kids started earning money during the pandemic, and we found the perfect account to let their cash grow tax-free
When the pandemic hit, her kids started earning money modeling in Instagram ads and selling lemonade. Now, that money is growing for retirement.
The best IRA accounts offer commission-free trading, low fees, and self-directed or automated investing options.
The best Roth IRA accounts are usually free to set up and offer access to multiple investment options.
She sold her home, cut her expenses, and invested her freed-up income into three retirement funds and a brokerage account.
3 signs you may want to buy an annuity, a type of insurance that guarantees you income in retirement
While annuities can be a good fit for individuals in specific circumstances, you shouldn't put more than half of your portfolio into an annuity.
Online investment advisor blooom offers some of the cheapest access to a financial advisor you can get
Blooom is an investment advisor that manages retirement accounts with no minimum balance requirement or asset under management fee.
A financial planner shares the simple strategy she uses to help everyday Americans retire as millionaires
Start by knowing your net worth, then pay down debts, save monthly, keep your bills within your means, and set up a retirement fund.
A Purple Life was able to retire after just five years of saving by moving somewhere cheaper and using a budgeting software to save more.
ASK A FINANCIAL PLANNER: What's the next best place to put retirement savings after maxing out my 401(k)?
ASK A FINANCIAL PLANNER is a bi-weekly column from Insider's resident financial planner, Tanza Loudenback. This week: Where to save for retirement.
My husband and I want to retire early, and a simple equation will help us get there without sacrificing our lifestyle now
Traditional FIRE requires saving every penny to stop working as early as possible, but for this couple, that stripped the fun out of life.
As a recent college grad in her early 20s, opening a Roth IRA on the advice of TikToker Gil Oliveira was a smart decision.
Using an app meant choosing the wrong investing account for my goals — the app offered an individual taxable account when a Roth IRA was better.
Soon-to-be retirees should consider retiring to Florida, Minnesota, Ohio, Iowa, or Texas for an affordable and happy retirement.
My retirement savings gets a boost every year thanks to a 5-second decision I made when I opened my 401(k)
There are two ways to save in a 401(k): as a percentage or as a fixed dollar amount. The percentage method means you save more with every raise.
Saving for retirement was last priority in my 20s until a mental shift changed my strategy completely
When I re-framed retirement saving as simply wealth building for the future, I didn't feel so cynical about the process. Now, I'm excited to save.
Her uncle learned about money through books, and used that knowledge to save enough money to retire early. She still uses his lessons today.
The best retirement plans include tax-advantaged options for individuals, employees, self-employed individuals, and small businesses.
I didn't want to wait decades for retirement, so I made 3 money changes that let me live a 'retirement' lifestyle right now
After living in France, the author questioned everything she'd previously accepted about her life. She wanted to work to live, not live to work.
Our financial advisor told us to save for retirement over our kids' college, and we listened for 4 good reasons
She was surprised when a financial advisor told her saving for retirement was more important than saving for college, but his argument made sense.
My husband and I use a 2-part strategy to handle raises and bonuses, and it's making all the difference in our retirement savings
Instead of spending bonuses or letting their cost of living rise when they get raises, they've kept their expenses low and saved anything extra.
My income is inconsistent as a freelancer, but thanks to a smart savings strategy I'm on track to reach financial independence
After filling up her emergency fund, she decided to pursue FIRE to safeguard her future as a freelancer.
Unless you plan to make much more money in retirement, a traditional 401(k) is best, says financial planner Chloe A. Moore.
I never thought someone like me could be financially independent, but 3 steps are helping me reach that goal by 45
Her family needs to obtain more financial security, and working towards financial independence can help her achieve that.
I'm a financial planner and I see clients rush to pay off debt before retirement — but it can be a big mistake
Common wisdom says to pay off all your debt before retirement, but this financial planner doesn't always agree.
If you haven't thought about a backup plan, talked it over with your partner, or cut some expenses, early retirement might have to wait.
Reading 2 short sentences in 'Millionaire Teacher' convinced me to change my retirement savings strategy, and it's helped me earn thousands
"Millionaire Teacher," by Andrew Hallam, showed the author that she was missing out on compound interest by not investing her savings.
3 things people in their 30s can do right now to retire comfortably, according to a financial planner
Most people in their 30s are facing a host of conflicting financial priorities, but saving for retirement should top the list.
I hate budgeting, so I sat down with my parents and let them show me the budgeting system that helped them retire early and now I'm on track to do the same
Before implementing this budgeting system, she tried elaborate workarounds to get herself to save more. Her parents' system is a lot more effective.
I'm lucky I started saving for retirement at 24, but if you didn't, there are 3 steps you can take now to catch up
If you didn't have the resources or forethought to kick off your retirement savings early in life, starting today is the next best option.
We all want to make the best decisions with our money, but certain types of life insurance and retirement accounts aren't right for everyone.
If you're thinking about taking Social Security as soon as possible or will have to change your lifestyle, you haven't saved enough for retirement.
My husband and I made a big money mistake early in our marriage that means we'll have to wait years longer to retire
They each had a nest egg when they married, but they didn't have a great investment strategy. A financial advisor could have helped them build wealth.
5 things people in their 40s need to do now to be comfortable in retirement, according to a financial planner
Financial planner Martin A. Scott says people in their 40s can still save enough for retirement even if they haven't started yet.
Even if you've been saving for years, there's a chance that you haven't saved enough, or have taken money out of your retirement account.
Whether you want to learn to invest, budget, retire early, or just the foundations of managing money, these 15 personal finance books are the best.
I started saving for retirement when I was 24, and I'd recommend just about anyone do the same for 2 reasons
She didn't have a clear idea of her future retirement when she started saving at 24. But with growing investment accounts, her options are open.
I thought my health savings account was for medical costs only, and ended up missing a big opportunity to save more for retirement
Like the author, you might not realize that your health savings account can help you build wealth tax-free to cover medical expenses in retirement.
Being retired always seemed boring to me, so I figured I'd work forever and wouldn't need to save. But reading 'The Millionaire Next Door' completely changed my thinking.
She upped her 401(k) contribution when she realized that saving now can help her live the life she wants later, even if it's not typical "retirement."
Reading a single chapter of 'Millionaire Teacher' helped me save $15,000 and stop living beyond my means
Before reading Andrew Hallam's "Millionaire Teacher," the author was living well beyond her means and unable to save much at all.
Retirees say that saving consistently for retirement, at whatever age you start, is a big key to success.
I'm retiring within a decade and it's thanks to 3 realizations I've had over the course of my career
For Holly Johnson, saving for early retirement just makes sense — it's always good to have options, and you don't want to have to work until you die.
Data from Personal Capital looks at median retirement account balances of about 337,000 users ages 20 to 69.
I use a 'squirreling' hack to max out my retirement savings every year, even when I'm not sure how much I'll make
She started maxing out her Roth IRA while working as a server in NYC and has been able to fill it every year, even when her income has dropped.
I never saved much for retirement because I didn't expect to live past 40. But when an online quiz showed me I could live decades longer, I learned how to save money fast.
Between family members dying young and health and social inequality, she was shocked to discover she might live decades longer than expected.
A financial planner says his clients always get the same thing wrong about retirement planning, and it can end up costing a fortune
Financial planner Charles Weeks says clients who are nearing retirement don't always have adequate funds in place for healthcare costs.
I thought I'd done the right thing by opening a Roth IRA in my 20s, but I made a mistake that cost me thousands
These days, she maxes out her Roth IRA every year and is on track for retirement. But she got a rocky start.
3 things 30- and 40-somethings always forget when planning for retirement, according to a financial planner
It can be hard to know what you should be doing now to prepare for an event that won't happen 20 or more years in the future.
A financial planner says open enrollment is a prime opportunity to build your retirement savings — here's how
Opting for a high-deductible health plan during open enrollment means you can contribute to an HSA to invest for future healthcare costs.