The Personal Finance Podcast How Much Is in Retirement Accounts (By Generation!) + Money Q&A
Nov 24, 2025
Explore how retirement savings vary across generations, from Gen Z's compounding advantages to Millennials’ gaps needing action. Discover effective catch-up strategies for Gen X. Baby Boomers face risks by depending too much on Social Security. Gain insights on prioritizing Roth IRAs over student loans, navigating brokerage switches for fractional shares, and actionable tips for investing in out-of-state rental properties. Tune in for practical advice on building your financial future!
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Start Early To Capture Compounding
- Gen Z starting early gives them a massive compounding advantage over older generations.
- Every dollar invested in your early 20s can be worth roughly $100 by age 65, illustrating time's power.
Gen Z Has Low Balances But High Potential
- Gen Z's average 401(k) balance for those with plans is only around $13,500 but Roth adoption is rising.
- Younger savers beginning earlier may become the wealthiest retiring generation if contributions continue.
Automate Small Contributions Early
- Start investing even with small amounts like $50–$200 a month to build momentum and benefit from compounding.
- Aim to automate contributions and scale toward saving about 20% of income over time.