How does your net worth compare to other Americans your age? According to the latest Federal Reserve data, the average net worth for Americans ages 65–74 is nearly $1.9 million, but the median is just $431,300. So where do you rank? In this video, Colin Exelby, CFP® breaks down the average and median net worth by age, from your 30s through retirement, to help you understand how your finances compare to other households. But having a high net worth doesn't necessarily mean you're financially prepared for retirement. We'll explain why home equity, retirement savings, Social Security, pensions, and investment income all play important roles in determining your financial security. Federal Reserve Board. Changes in U.S. Family Finances from 2022 to 2025. October 2026. Table 2 on printed page 12 supplies age brackets and net worth figures. Footnote 36 on printed page 42 explains the exclusion of Social Security and defined benefit pension wealth. https://www.federalreserve.gov/publications/files/scf26.pdf #NetWorthByAge, #RetirementPlanning, #RetirementSavings, #AverageNetWorth, #RetirementIncome, #RetirementStrategy, #SocialSecurity, #RetirementWealth, #FinancialPlanning, #retirementtips 00:00-Intro 00:46-What is Net Worth? 01:50-Average vs Median Net Worth 02:30-Net Worth Under Age 35 03:13-Net Worth Age 35-44 04:02-Net Worth Age 45-54 05:11-Net Worth Age 55-64 06:00-Net Worth Age 65-74 06:51-Net Worth Age 75+ 07:26-Why Two Couples With $1 Million Can Have Different Retirements 08:05-Why Income Matters More Than Net Worth 08:59-What the FED Net Worth Number Leaves Out 09:44-Three Question to Ask Colin Exelby, CFP® is a CERTIFIED FINANCIAL PLANNER™ Professional, founder of Celestial Wealth Management, and creator of See the Forest Through the Trees (STFTTT), an educational platform focused on retirement planning, retirement tax strategies, Social Security analysis, Roth conversions, and financial planning for retirees and business owners. This channel focuses on helping retirees, pre-retirees, and business owners make smarter financial decisions through tax-aware planning, long-term thinking, and real-world retirement strategies. Topics covered regularly include: • Social Security claiming strategies • How Social Security is taxed • Roth conversion timing • Retirement withdrawal strategies • Tax-efficient retirement income • IRMAA and Medicare premiums • Retirement mistakes to avoid • Survivor planning strategies • Retirement planning for business owners No fear-based financial media. No hype. Just clear explanations and practical retirement planning frameworks. ➡️ ➡️Free Retirement and Financial Planning Resources Here: https://celestialwm.com/ptpebook-go/ ⬅️⬅️ ⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com. Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC. DISCLOSURES Celestial Wealth Management, LLC is registered as an investment adviser in the State of Maryland and Texas. Neither the information nor any opinion constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instruments. This video is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementing investment and planning strategies discussed in this video and should understand that statements regarding future prospects may not be realized. Nothing provided here constitutes tax advice. Individuals should seek the advice of their own tax advisor for specific information regarding tax consequences of investments. Investments in securities entail risk and are not suitable for all investors. This is not a recommendation nor an offer to sell (or solicitation of an offer to buy) securities in the United States or in any other jurisdiction. All investment strategies have the potential for profit or loss.
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