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The number of "401(k) millionaires" — 401(k) plan participants with balances of at least $1 million — has reached a record high, new data from Fidelity Investments shows.. As of June, there ...
By the end of Q3 2024, the average 401(k) balance climbed to $132,300 – an impressive 23% increase compared to last year. If your balance is above this, you're ahead of the curve. But even if it's
The report found that the average balance in a 401(k) account surged 15% in 2023. Health Savings Account balances went up 11% over the same time period as well. ... Given the pace of inflation ...
Balances are also up among savers who have continuously funded their 401(k)s for many years. The average balance for the Gen X workers who’ve been saving in their 401(k) for 15 years in a row ...
On balance, 401(k) participants have had a good run over the past year. Especially those who have amassed a balance of at least $1 million. The number of so-called 401(k) ‘millionaires’ rose ...
Though there are more 401(k) millionaires, boasting at least a seven-figure balance is far from the norm. Overall, the average 401(k) balance increased to $112,400, while the average IRA balance ...
The median 401(k) balance for the same participants — the middle number when you line up all balances from lowest to highest — paints a different picture at just $35,286, almost $100,000 less ...
The number of 401(k) holders whose balance topped $1 million was up 2.5% from Q1, jumping from 485,000 to 497,000. Among IRA contributors, the number jumped 6% from 376,275 to 398,594.
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