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There were 497,000 millionaire retirement savers in Fidelity 401(k) plans at the end of the second quarter, up from 485,000 at the end of March — a 2.5% increase.
Tesla's most recent stock split was a 3-for-1 split carried out in 2022. When that stock split was first announced in June 2022, shares were trading around $700.
At least 378,000 people with Fidelity 401(k) plans had at least $1 million in their accounts at the end of June, compared to 299,000 at the end of 2022. Individual retirement account (IRA ...
For 401(k) plans, the maximum employee contribution is $23,000, or $30,500 for people 50 and over. Contribution limits go up in 2025, with even higher "catch-up" limits available for people 60 to 63.
Fidelity also reported that the number of 401(k) accounts with balances of at least $1 million rose in the fourth quarter by 20%, to 422,000 accounts; and by 41% for the whole year.
For the first half of the year, the number of folks hitting that cool million target soared roughly 20%. All told, there were 378,000 retirement savers in Fidelity 401(k) plans spotting balances ...
The new contribution limit for 401(k)s and other workplace retirement plans in 2025 will be $23,500, up from $23,000 currently, the Internal Revenue Service said Friday.
Here’s how 403(b) and 401(k) plans work and their major differences. ... Savers can also invest in potentially high-return assets such as stock funds. In Roth versions of the 403(b) and 401(k ...
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