Average 401(k) Balance by Age | Rising Prices: Which Goods and Services Are Still Hitting Wallets?

Stocks To Buy for a Recession | The Average 401(k) Balance by Age | Rising Prices: Which Goods and Services Are STILL Driving Inflation? Created for {EMAIL} | [Web Version]( June 16, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [SIGN UP]( ⋅ [WEBSITE]( [] Top Story [] [Stocks To Buy for a Recession]( [Stocks To Buy for a Recession]( (Getty Images) "Recession-proofing" your stock portfolio should be a top priority for low-risk investors investing in solid companies that stand up in any environment so nest eggs are protected against serious economic downturns. [These stocks]( offer a good start. [] Retirement Accounts [] [The Average 401(k) Balance by Age]( [The Average 401(k) Balance by Age]( (Getty Images) Saving for retirement is a big source of worry for Americans in a world where traditional pensions are fading into obscurity and inflation is eating into monthly budgets. However, knowing how your 401(k) balance compares to your peers could be the catalyst to save more and calm your fears. [Where does your balance stand compared to others](? [Do You Need a Retirement Spending Plan?]( Spending your hard earned retirement money can be complicated–and it's important to make the right decisions that will help your savings last. Vanguard Personal Advisor is built to provide you an ongoing collaboration with our professional advisors — no matter where you are in your journey. [LEARN MORE]( ADVERTISEMENT [] In the News [] [Rising Prices: Which Goods and Services Are STILL Driving Inflation?]( [Rising Prices: Which Goods and Services Are STILL Driving Inflation?]( (Getty Images) Yes, inflation moderated last month, but rising costs for key goods and services continue to hit peoples' wallets. [They might surprise you](. [] Successful Financial Planning [] [Can't Stick to a Budget? Eight Secrets to Succeeding Long Term]( [Can't Stick to a Budget? Eight Secrets to Succeeding Long Term]( (Getty Images) There are a few tricks you can use to make budgeting easier and possibly even more fun to do. The financial experts at the Kiplinger Advisor Collective [share their budgeting secrets and how you can finally stick to your budget for the long haul](. [Is your money working hard enough?]( It should be! Learn how Betterment's automated investing and savings technology can make your money hustle, while you don't. [LEARN MORE]( ADVERTISEMENT Featured Content Sponsored Content from Kiplinger Personal Finance Magazine [Build wealth. Cut taxes. Retire rich.]( Get a [FREE ISSUE]( of Kiplinger Personal Finance magazine, and save up to 74% to subscribe. Includes special issues such as Investing Outlook, Retirement Planning, Mutual Fund Roundup, and Guide to ETFs. Count on Kiplinger for trustworthy help to make more money, keep more of the money you make, and live a financially secure life. [CLICK HERE]( [] Tech Stocks [] [If You'd Put $1,000 Into Apple Stock 20 Years Ago, Here's What You'd Have Today]( Apple stock is back at record levels, but then AAPL has been a buy-and-hold winner for ages. [Read More]( [] Travel [] [Costco Vacation Deals: Should You Buy One?]( Thinking of trying a vacation package? Costco vacation deals, along with deals from BJ's and Sam's Club, are convenient and save you money. But what about the downsides? [Read More]( [Best Compounding Interest Investments in Preparing for Retirement]( If you invested in an S&P 500 index fund starting in January 2000 until September 2020 your average annualized return would have been 4.2%, a cumulative return of 136%. But if you reinvested all dividend payments your annualized return would have been 6.2%, a cumulative return of 247%. Just reinvesting dividends would have nearly doubled your gains. [READ MORE]( ADVERTISEMENT ABOUT KIPLINGER When we write about money, we get it right. 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