A new estimate could spell troubling news for some recipients.
Many still have account balances below $50,000.
People are withdrawing money from their retirement accounts to pay off debt or make a down payment of a home, which is often considered a financial mistake, according to a recent survey.
A study found millennials are dipping into their retirement savings to either buy their first home or to pay down personal debt.
FBN's Stuart Varney on the success of Americans' 401(k) and President Trump's economy despite the warnings of a potential recession.
FBN's Cheryl Casone on the rise in the number of 401(k) millionaires.
More than 68 million people claimed Social Security, Supplemental Security Income, or both, as of June.
The average benefit for all retired workers as of Jan. 2019 was $1,461
About 75 percent of Americans say they have made a mistake when managing their finances.
A new rule will allow more small businesses to band together to offer joint retirement benefit plans.