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Retirees have a lot to consider when it comes to how they’ll spend their golden years — and their hard-earned savings.
The average retiree has $141,500 saved for retirement, according to Vanguard, though the median 401(k) balance is just $35,000. But that money will dwindle quickly depending on where they settle down, especially when factoring in the impact of inflation on their cost of living, as well as high healthcare costs that could eat away at their nest egg.
Alyssa Place is the editor-in-chief of Employee Benefit News and has been with the team since 2019. Her work covers mental health, DEI, women at work, financial wellness, retirement and workplace … Read full bio
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