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Updated August 29, 2024 at 10:43 AM / Getty Images. The number of "401(k) millionaires" — 401(k) plan participants with balances of at least $1 million — has reached a record high, ...
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.
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 ...
A record number of Americans are 401(k) millionaires, thanks to a surging stock market. The tally of 401(k) millionaires reached 544,000 in the third quarter of 2024, up from 497,000 three months ...
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. Number of 401(k) ‘millionaires’ reaches new high
The number of 401(k) millionaires is going up. According to new fourth-quarter data from Fidelity Investments, one of the largest providers of retirement plans that cover 23 million 401(k)...
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.
Let's say your salary is $100,000 in 2024, and you plan to increase your contributions to 15% of your income. By the end of the year, you would have contributed $15,000 to your 401(k), reducing ...