One key recommendation "is not yet widely enough known," said the director of the Annenberg Public Policy Center.

With fee revenues ranging from roughly $150,000 to $200,000 over the relationship, the average 55 -year-old client is a substantial asset to an advisor’s practice, SmartAsset said.

Data from Vanguard's 2024 How America Saves report shows that in 2023, the average account balance for Vanguard defined ...

By and large, an average 55-year-old is highly likely to still be in the workforce and currently employed. Retirement Status. Between 57% and 80% of 55-year-old individuals have a retirement account.