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"Comparison is the thief of joy" President Theodore Roosevelt

While I wholeheartedly agree with this quote, there's a few positives that could come from comparing your 401(k) balance to the average in your age group:

1. You realize you're ahead of the game, giving you a boost of confidence and reassurance that you're doing the right thing by continuing to save.

2. You realize you're behind, motivating you to take action to catch up.

In this video Jake reviews recent data from Empower that reveals the average and median 401(k) balances by age group, and how you can catch up if you feel behind.

0:00 Intro
1:05 The Data
1:26 Average vs. Median
2:15 Projections at Retirement Age
2:43 Age 2029
3:30 Age 3039
4:40 Subscribe!    / @sparkwealthadvisors  
4:59 Age 4049
6:30 Age 5059
7:30 60s, 70s, 80s
7:58 My Thoughts & Observations
9:04 Tips if you feel behind

Investing risks include loss of principal and fluctuating value. There is no guarantee an investment strategy will be successful.

*This content is educational and not tax, legal, or investment advice*

Link to the empower data used for the video: https://www.empower.com/thecurrency/...