Core Insights - The average net worth for retirees is $287,900 as of 2022, reflecting a significant increase from $203,000 in 2019, driven by rising home values and strong investment gains during the early pandemic period [1][2][6]. Wealth Composition - The average net worth includes various assets such as retirement accounts ($170,000), primary residence ($279,000), and other residential real estate ($150,000) [9]. - Retirees also hold unrealized capital gains averaging $139,440 and vehicles valued at $21,000 [9]. - Common debts among retirees include mortgages or home equity loans averaging $100,000, home equity lines of credit at $27,000, and credit card balances at $2,500 [9]. Financial Management - Protecting wealth in retirement involves earning strong yields, managing spending and debts, and potentially generating modest income to extend savings [6][8].