Record-high contributions and a healthy stock market are boosting retirement savings for some, at a time when Americans feel they need a bigger nest egg than ever before. There are now 485,000 ...
A growing number of individuals with retirement plans are withdrawing savings early. During the last 12 months, 401(k) hardship withdrawals rose by 24%, according to a 2022 study by Empower, a ...
The number of people who crossed the seven-figure mark hit an all-time high in the first quarter, though retirement savings surged across the board. If you’re an investor, you may not want to ...
Some super-savers in the Gen X generation – those born between 1965 and 1980 – are looking at eye-popping amounts in their 401(k) plans, the kind of money that comes awfully close to 401(k ...
Some super-savers in the Gen X generation — those born between 1965 and 1980 — are looking at eye-popping amounts in their 401(k) plans, the kind of money that comes awfully close to 401(k ...
The universe of 401(k) accounts with balances of $1 million or more at Fidelity Investments rose to a record 485,000 in the first quarter, according to the company. With stocks surging, the number ...
Despite challenging financial and economic conditions lately — namely inflation and soaring rates which have left little for savings — some Americans have been successful in beefing up their ...
New York (CNN) — They are still a very small minority in the 401(k) universe, but there were a record number of 401(k) participants with balances over $1 million at the end of the first quarter ...
The average balance for the so-called 401(k) “millionaires” came to $1,580,000, up from $1,551,300 in the fourth quarter, a Fidelity spokesperson said. There is no secret sauce for how a 401(k ...