Average 401(k) Balance for Retirees Aged 65 and Older

Saving for retirement is crucial, yet it can feel burdensome, especially when tempted by immediate needs like vacations or new furniture. Contributing to IRAs or 401(k)s requires sacrificing current spending, which can be challenging for many individuals. Balancing long-term financial security with present desires is a common struggle in personal finance. Ultimately, prioritizing retirement savings is essential despite the allure of short-term pleasures.

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