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During the third quarter of 2024, Fidelity reports the number of 401(k) millionaires increased by 9.5% from the previous quarter. All told, there were 544,000 people in that category during the ...
The tally of 401(k) millionaires reached 544,000 in the third quarter of 2024, up from 497,000 three months earlier, according to Fidelity Investments, a leading administrator of employer ...
The 401(k) Millionaire Club is Growing. Another standout stat? The ranks of 401(k) millionaires are expanding. As of Q3, the number of accounts with over $1 million increased by 9.5%, reaching ...
In fact, Fidelity recently reported a record number of 401(k) millionaires, with 485,000 customers having $1 million or more in their 401(k) accounts as of Q1 2024.
A new analysis by Fidelity Investments, one of the largest providers of 401(k) retirement plans, found that the number of accounts with balances topping $1 million rose by 9.5% in the third quarter.
This could speed up your path to joining the 401(k) millionaire club, which is quite enticing. Plus, by lowering your taxable income through 401(k) contributions, you can also reduce your tax bill.
A growing number of retirement savers are sitting on a cool million or more in their IRAs or 401(k)s. IRA account holders at Fidelity with $1 million or more saved jumped to 398,594 at the end of ...
The 401(k) millionaires club is small but it is growing, thanks to continued contributions and the march toward Dow 40,000. Record number of workers can call themselves 401(k) millionaires Skip to ...