Browsing Tag
401(k) Millionaires
21 posts
Record High Number of 401(k) Millionaires, Average Account Balances at Fidelity
Q3 2024 Retirement Analysis finds Gen X savers make impressive gains; 2.2 million participants now have auto portability access
Despite Being Confident, Even Millionaires Need Financial Help
A Northwestern Mutual survey finds 48% of millionaires believe their financial plan needs improvement
U.S. Millionaire Ranks Swell by 500,000
Strong stock market helps America far outpace world growth, reaching 7.43 million millionaires according to Capgemini World Wealth Report
401(k) Millionaire Ranks Spike 20%
Fidelity report out today finds average workplace retirement account balances at the end of 2023 hit highest level in nearly two years
401(k) Balances (and Millionaires) Dip Slightly in Q3: Fidelity
Recordkeeper’s new report out today reveals retirement account balances down for the quarter, but 401(k)s still up double-digits from a year ago
Gen Z 401(k) Balances Spike in Past Year, Fidelity Data Shows
Fidelity Q2 analysis reveals average retirement account balances for 401(k)s, 403(b)s and IRAs all increased by double digits and “401(k) millionaire” ranks swell, thanks to steady contributions and positive market conditions
401(k) Balances Dropped 20% in 2022 at Fidelity, But Increased in Q4
Fidelity’s just-released 2022 Retirement Analysis reveals that average account balances rose in Q4 and retirement savers continue to focus on the long term with savings rates remaining steady
Fidelity 401k Report Card: Silver Linings Among More Declines in Q3
Average 401k balance drops below the six-figure mark, but participants haven’t cut back on contribution rates
Fidelity Q2 Analysis Shows Just How Hard Stock Losses Hit 401(k)s
Average account balances down 20% in a year, shrinking 401k millionaire ranks by a third. The good news? Balances declined less than the stock market during the second quarter
TSP Millionaire Ranks Thinned by More Than One-Third
Stock market’s dismal first half of 2022 leads to a 36% decline in the number of Thrift Savings Plan participants with seven-figure account balances