• Dave Ramsey Blog

40-Something? How to Make the Most of Your Retirement Savings


Stroll down the birthday card aisle, and you’d think life ends at 40.

But the truth is, you’re on the verge of a major upswing. According to the Census Bureau, household income peaks between the ages of 45 and 54.

So does that mean you can finally buy that boat you’ve always wanted? Well, that’s one way to look at it. But we have a better idea: Why not use it to build a bigger future?

The Retirement Income Gap

Many Americans head into their high-earning years with a ho-hum approach to retirement saving. A recent Vanguard report shows that voluntary 401(k) participants between 35 and 44 years of age only invest 6.3% of their income on average. The average deferral rate grows to just 8.7% in the 55–64 age range. Read More

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