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Where do your 401(k) retirement plan balance stands compared to that of your peers? Alexander Raths / Shutterstock.com
Saving for retirement is a huge challenge. Knowing where you stand in comparison to peers can help to gauge whether your efforts are on track, or whether tweaking your approach is in order. Recently, Vanguard looked at 2023 account balances by age in its defined contribution plans. Vanguard then calculated both the average balance and the median balance for each age cohort.
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