Here's the Average IRA Balance by Generation

Many workers opt to save for retirement in a 401(k) or other workplace plan if they have access to one. But an IRA has its place in your savings strategy too. It's a great alternative if you don't have access to a workplace plan, and it gives you greater freedom to invest how you want. You can also roll over money from past 401(k) accounts into an IRA to make it easier to manage your money all in one place.Everyone's IRA balance will be different, depending on their savings strategy, age, and plans for retirement. But if you're curious how you stack up to others your age, a recent Fidelity survey revealed the average IRA balance for each generation.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool