The typical soon-to-be retiree in America has $250k in their 401(k) - how do you compare?

The average 401k balance for soon-to-be retirees is nearly $245,000, indicating that many still need to work on their retirement savings in their last stretch.

Despite the average 401k balance being significant, many retirees rely on different sources of income, highlighting the importance of maximizing 401k contributions as the finish line approaches.

Read at 24/7 Wall St.