GREAT!: Number Of 401(K) Millionaires Hits Record...

[gipper]

If your smart it does. So...sorry you are excluded.

I have a pension......now THAT is smart

Good thing because you aren’t capable of handling a 401k.

Government retiree?

Bingo

Got a 401 k also

Is it true government workers aren't very smart.

Just don't go for a bike ride in ISIS territory, like these two former government workers did.

A Dream Ended on a Mountain Road: The Cyclists and the ISIS Militants
A Dream Ended on a Mountain Road: The Cyclists and the ISIS Militants

CIA operatives. Not a wise ideal 'Vacation Spot.' They were likely spies.

Can you image how the DNCMSM would report this awful store, had these two been butchered by Christians for not believing, rather than radical Muslims?

 

[sparky]

and what is a 1973 dollar worth now?

~S~

 

[rightwinger]

See, positive things are happening in our country. I know Democrat Fake News tells its sycophants the sky is falling, but it really isn't. There's a lot of good news out there.


A record number of investors became 401(k) millionaires this spring.

At the end of the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments had at least $1 million in their accounts, a rise of 50,000 people from a year earlier when there were 118,000, according to a new study by Fidelity, one of the nation's largest administrators of workplace retirement accounts. While gaining, that exclusive group of savers is still just a fraction of the 16.1 million people who have a 401(k) account managed by the fund company.

Building a million bucks-sized nest egg doesn't happen overnight and is a result of workers who invest for the long term and put a chunk of their savings into stocks.

"Individuals are increasing their savings rates, they're taking advantage of their company match and they're keeping a healthy percentage of stocks in their account,...

Number of Fidelity 401(k) millionaires hits record high
DRUDGE REPORT 2018®

The worst nightmare of the DNC is for the top 1% to grow to 2 or 5%.

The top one percent mock those who only have a million

 

[rightwinger]

Good news......

But having $1 million is a 401k does not buy you a guaranteed retirement

If your smart it does. So...sorry you are excluded.

I have a pension......now THAT is smart

Good thing because you aren’t capable of handling a 401k.

Government retiree?

Bingo

Got a 401 k also

Is it true government workers aren't very smart.

Just don't go for a bike ride in ISIS territory, like these two former government workers did.

A Dream Ended on a Mountain Road: The Cyclists and the ISIS Militants
A Dream Ended on a Mountain Road: The Cyclists and the ISIS Militants

Why would you celebrate the deaths of American citizens?

 

[Ray From Cleveland]

See, positive things are happening in our country. I know Democrat Fake News tells its sycophants the sky is falling, but it really isn't. There's a lot of good news out there.


A record number of investors became 401(k) millionaires this spring.

At the end of the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments had at least $1 million in their accounts, a rise of 50,000 people from a year earlier when there were 118,000, according to a new study by Fidelity, one of the nation's largest administrators of workplace retirement accounts. While gaining, that exclusive group of savers is still just a fraction of the 16.1 million people who have a 401(k) account managed by the fund company.

Building a million bucks-sized nest egg doesn't happen overnight and is a result of workers who invest for the long term and put a chunk of their savings into stocks.

"Individuals are increasing their savings rates, they're taking advantage of their company match and they're keeping a healthy percentage of stocks in their account,...

Number of Fidelity 401(k) millionaires hits record high
DRUDGE REPORT 2018®

The worst nightmare of the DNC is for the top 1% to grow to 2 or 5%.

The top one percent mock those who only have a million

And the bottom 10% laughs at those above who are supporting them so they don't have to work.

 

[rightwinger]

See, positive things are happening in our country. I know Democrat Fake News tells its sycophants the sky is falling, but it really isn't. There's a lot of good news out there.


A record number of investors became 401(k) millionaires this spring.

At the end of the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments had at least $1 million in their accounts, a rise of 50,000 people from a year earlier when there were 118,000, according to a new study by Fidelity, one of the nation's largest administrators of workplace retirement accounts. While gaining, that exclusive group of savers is still just a fraction of the 16.1 million people who have a 401(k) account managed by the fund company.

Building a million bucks-sized nest egg doesn't happen overnight and is a result of workers who invest for the long term and put a chunk of their savings into stocks.

"Individuals are increasing their savings rates, they're taking advantage of their company match and they're keeping a healthy percentage of stocks in their account,...

Number of Fidelity 401(k) millionaires hits record high
DRUDGE REPORT 2018®

The worst nightmare of the DNC is for the top 1% to grow to 2 or 5%.

The top one percent mock those who only have a million

And the bottom 10% laughs at those above who are supporting them so they don't have to work.

I don’t know anyone who is happy being poor

 

[Meister]

See, positive things are happening in our country. I know Democrat Fake News tells its sycophants the sky is falling, but it really isn't. There's a lot of good news out there.


A record number of investors became 401(k) millionaires this spring.

At the end of the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments had at least $1 million in their accounts, a rise of 50,000 people from a year earlier when there were 118,000, according to a new study by Fidelity, one of the nation's largest administrators of workplace retirement accounts. While gaining, that exclusive group of savers is still just a fraction of the 16.1 million people who have a 401(k) account managed by the fund company.

Building a million bucks-sized nest egg doesn't happen overnight and is a result of workers who invest for the long term and put a chunk of their savings into stocks.

"Individuals are increasing their savings rates, they're taking advantage of their company match and they're keeping a healthy percentage of stocks in their account,...

Number of Fidelity 401(k) millionaires hits record high
DRUDGE REPORT 2018®

That number would have been reached regardless of who is president.

Not with all the regulations that the Obama administration laid on businesses.

What does that have to do with personal investment?

The trend was upward during the entirety of Obama's tenure.

But, the economy was still weak. That's why the Fed Banks were infusing trillions into the
economy during Obama's entire tenure.

Which has nothing at all to do with the growth of the markets.

The growth had slowed to almost a stall from the end of Dec 2013 to Oct 16, after the election it took off along with the 401K's
And yes, the infusion of the money did have impact on the markets, if not for the Fed Banks, there wouldn't have been much of a recovery due to Obama's regulations.
https://www.5yearcharts.com/wp-content/uploads/2017/04/dow-jones-10y.png

 

[Kondor3]

I'm not one of them.

No one I know is one of them.

Why should I care?

What economic or social impact does this have, of a statistically significant nature?

 

[healthmyths]

and what is a 1973 dollar worth now?

~S~

So to your cliched question : regarding "what is a dollar" worth? $1 in 1973 equals $5.80 in 2018.
Value of $1 in 1973. Inflation Calculator for Today's Dollars

What was the average annual inflation rate for the past 45 years--- since 1973 is 3.98%

AGAIN why don't people like you use the Internet before you make disparaging remarks?

The DJI average has as I commented earlier grown from 900 in 1973 to 25,669 today an average of 63% per year versus inflation of 3.98%!
Why do people continue to discount the stock market?
I just wish that I would have had a choice to tell SS to put my and my employers' payroll taxes in a 401(k)... and if so it would be worth many millions!

How Bad Is Inflation? Past, Present, Future
1973 8.70%
1974 12.30%
1975 6.90%
1976 4.90%
1977 6.70%
1978 9.00%
1979 13.30%
1980 12.50%
1981 8.90%
1982 3.80%
1983 3.80%
1984 3.90%
1985 3.80%
1986 1.10%
1987 4.40%
1988 4.40%
1989 4.60%
1990 6.10%
1991 3.10%
1992 2.90%
1993 2.70%
1994 2.70%
1995 2.50%
1996 3.30%
1997 1.70%
1998 1.60%
1999 2.70%
2000 3.40%
2001 1.60%
2002 2.40%
2003 1.90%
2004 3.30%
2005 3.40%
2006 2.50%
2007 4.10%
2008 0.10%
2009 2.70%
2010 1.50%
2011 3.00%
2012 1.70%
2013 1.50%
2014 0.80%
2015 0.70%
2016 2.10%
2017 2.10%
2018 1.90%

 

[healthmyths]

That number would have been reached regardless of who is president.

Not with all the regulations that the Obama administration laid on businesses.

What does that have to do with personal investment?

The trend was upward during the entirety of Obama's tenure.

But, the economy was still weak. That's why the Fed Banks were infusing trillions into the
economy during Obama's entire tenure.

Which has nothing at all to do with the growth of the markets.

The growth had slowed to almost a stall from the end of Dec 2013 to Oct 16, after the election it took off along with the 401K's
And yes, the infusion of the money did have impact on the markets, if not for the Fed Banks, there wouldn't have been much of a recovery due to Obama's regulations.
https://www.5yearcharts.com/wp-content/uploads/2017/04/dow-jones-10y.png

Called QE1,2,3 this is what most people don't know the Fed Reserve did to prop up the stock market.
Quantitative easing also pushes down interest rates. This damages the returns for traditionally safe investments such as financial vehicles including money market accounts, certificates of deposit (CDs), Treasurys and highly rated bonds.
Investors are forced into relatively riskier investments to find a return.
Many of these investors weight their portfolios towards equities, pushing up stock market prices.

How does quantitative easing in the U.S. affect the stock market? | Investopedia How does quantitative easing in the U.S. affect the stock market? | Investopedia

So how much did the Fed's QE1,2,3 pump up the stock market?
After spending $2 trillion on government bonds in an effort to stimulate the economy, the U.S. Federal Reserve can hardly admit that it doesn’t know how, or even if, it worked.
$2 Trillion Later, Does the Fed Even Know if Quantitative Easing Worked?

 

[Ray From Cleveland]

Not with all the regulations that the Obama administration laid on businesses.

What does that have to do with personal investment?

The trend was upward during the entirety of Obama's tenure.

But, the economy was still weak. That's why the Fed Banks were infusing trillions into the
economy during Obama's entire tenure.

Which has nothing at all to do with the growth of the markets.

The growth had slowed to almost a stall from the end of Dec 2013 to Oct 16, after the election it took off along with the 401K's
And yes, the infusion of the money did have impact on the markets, if not for the Fed Banks, there wouldn't have been much of a recovery due to Obama's regulations.
https://www.5yearcharts.com/wp-content/uploads/2017/04/dow-jones-10y.png

Called QE1,2,3 this is what most people don't know the Fed Reserve did to prop up the stock market.
Quantitative easing also pushes down interest rates. This damages the returns for traditionally safe investments such as financial vehicles including money market accounts, certificates of deposit (CDs), Treasurys and highly rated bonds.
Investors are forced into relatively riskier investments to find a return.
Many of these investors weight their portfolios towards equities, pushing up stock market prices.

How does quantitative easing in the U.S. affect the stock market? | Investopedia How does quantitative easing in the U.S. affect the stock market? | Investopedia

So how much did the Fed's QE1,2,3 pump up the stock market?
After spending $2 trillion on government bonds in an effort to stimulate the economy, the U.S. Federal Reserve can hardly admit that it doesn’t know how, or even if, it worked.
$2 Trillion Later, Does the Fed Even Know if Quantitative Easing Worked?

I believe it did work to some degree as phony as it was. But to the chagrin of the left, it also made many more millionaires that increased the wealth gap. Who wouldn't invest in the market when the game is rigged for them?

The downfall of that is the market didn't really reflect the economy. More people employed---yes. But few were making any money, so the feds never increased interest rates. Housing leveled, savings accounts dwindled, just didn't create the atmosphere like we have today which is a lot of promise for the near future.

 

[sparky]

AGAIN why don't people like you use the Internet before you make disparaging remarks?

Because it comes down to trusting Government Sachs , who operate for the chosen few ,at the expense of the majority

The Fall of the Market in the Fall of 2008

 

[sparky]

Who wouldn't invest in the market when the game is rigged for them?

Those of us that can't gain government subsides ,lobbyists, preferences, nor assume monopolies thru litigant acquisitions

 

[ThunderKiss1965]

Good news......

But having $1 million is a 401k does not buy you a guaranteed retirement

/——/ Nothing is guaranteed except taxes and death, but those who built the wealth have s better chance of keeping it,

It will get you about $25-30 k a year in retirement
Not exactly luxury

If you own everything you got it ain't bad.

 

[McRocket]

See, positive things are happening in our country. I know Democrat Fake News tells its sycophants the sky is falling, but it really isn't. There's a lot of good news out there.


A record number of investors became 401(k) millionaires this spring.

At the end of the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments had at least $1 million in their accounts, a rise of 50,000 people from a year earlier when there were 118,000, according to a new study by Fidelity, one of the nation's largest administrators of workplace retirement accounts. While gaining, that exclusive group of savers is still just a fraction of the 16.1 million people who have a 401(k) account managed by the fund company.

Building a million bucks-sized nest egg doesn't happen overnight and is a result of workers who invest for the long term and put a chunk of their savings into stocks.

"Individuals are increasing their savings rates, they're taking advantage of their company match and they're keeping a healthy percentage of stocks in their account,...

Number of Fidelity 401(k) millionaires hits record high
DRUDGE REPORT 2018®

How the hell does more millionaires help the common man/woman?

And, 'well duh' there are more millionaires - with the equity markets skyrocketing (on the back of QE, ZIRP/near ZIRP and huge fiscal deficits) since early 2009 - of course there are.

Typical Trumpbot. Has not a clue - nor a care - about reality. Just the good news that Trump wants you to love.

Pathetic. You people are beyond useless (politically, anyway).

 

[Cellblock2429]

Good news......

But having $1 million is a 401k does not buy you a guaranteed retirement

/——/ Nothing is guaranteed except taxes and death, but those who built the wealth have s better chance of keeping it,

It will get you about $25-30 k a year in retirement
Not exactly luxury

/——-/ You should be averaging10% +. Learn how to trade covered calls. It’s like having an ATM on your pc where you never make deposits, just withdrawals.

 

[Cellblock2429]

See, positive things are happening in our country. I know Democrat Fake News tells its sycophants the sky is falling, but it really isn't. There's a lot of good news out there.


A record number of investors became 401(k) millionaires this spring.

At the end of the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments had at least $1 million in their accounts, a rise of 50,000 people from a year earlier when there were 118,000, according to a new study by Fidelity, one of the nation's largest administrators of workplace retirement accounts. While gaining, that exclusive group of savers is still just a fraction of the 16.1 million people who have a 401(k) account managed by the fund company.

Building a million bucks-sized nest egg doesn't happen overnight and is a result of workers who invest for the long term and put a chunk of their savings into stocks.

"Individuals are increasing their savings rates, they're taking advantage of their company match and they're keeping a healthy percentage of stocks in their account,...

Number of Fidelity 401(k) millionaires hits record high
DRUDGE REPORT 2018®

How the hell does more millionaires help the common man/woman?

And, 'well duh' there are more millionaires - with the equity markets skyrocketing (on the back of QE, ZIRP/near ZIRP and huge fiscal deficits) since early 2009 - of course there are.

Typical Trumpbot. Has not a clue - nor a care - about reality. Just the good news that Trump wants you to love.

Pathetic. You people are beyond useless (politically, anyway).

/——/ no poor person ever gave me a job. Rich folks buy stuff, run businesses and invest in companies. Poor people just take.

 

[blastoff]

See, positive things are happening in our country. I know Democrat Fake News tells its sycophants the sky is falling, but it really isn't. There's a lot of good news out there.


A record number of investors became 401(k) millionaires this spring.

At the end of the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments had at least $1 million in their accounts, a rise of 50,000 people from a year earlier when there were 118,000, according to a new study by Fidelity, one of the nation's largest administrators of workplace retirement accounts. While gaining, that exclusive group of savers is still just a fraction of the 16.1 million people who have a 401(k) account managed by the fund company.

Building a million bucks-sized nest egg doesn't happen overnight and is a result of workers who invest for the long term and put a chunk of their savings into stocks.

"Individuals are increasing their savings rates, they're taking advantage of their company match and they're keeping a healthy percentage of stocks in their account,...

Number of Fidelity 401(k) millionaires hits record high
DRUDGE REPORT 2018®

It’s all just 401(k) crumbs.

 

[Ray From Cleveland]

See, positive things are happening in our country. I know Democrat Fake News tells its sycophants the sky is falling, but it really isn't. There's a lot of good news out there.


A record number of investors became 401(k) millionaires this spring.

At the end of the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments had at least $1 million in their accounts, a rise of 50,000 people from a year earlier when there were 118,000, according to a new study by Fidelity, one of the nation's largest administrators of workplace retirement accounts. While gaining, that exclusive group of savers is still just a fraction of the 16.1 million people who have a 401(k) account managed by the fund company.

Building a million bucks-sized nest egg doesn't happen overnight and is a result of workers who invest for the long term and put a chunk of their savings into stocks.

"Individuals are increasing their savings rates, they're taking advantage of their company match and they're keeping a healthy percentage of stocks in their account,...

Number of Fidelity 401(k) millionaires hits record high
DRUDGE REPORT 2018®

How the hell does more millionaires help the common man/woman?

And, 'well duh' there are more millionaires - with the equity markets skyrocketing (on the back of QE, ZIRP/near ZIRP and huge fiscal deficits) since early 2009 - of course there are.

Typical Trumpbot. Has not a clue - nor a care - about reality. Just the good news that Trump wants you to love.

Pathetic. You people are beyond useless (politically, anyway).

As time moves forward SS will keep running out of money. Baby boomers like myself will be retiring within the next ten years, then SS will drain even faster unless somebody does something about it.

How is having more millionaires a good thing? It's showing we still have responsible people in our country. It's the irresponsible that become a drain on a nation. Mind you, a million dollars is not going to have people buying professional baseball teams, but it will give them a comfortable lifestyle in the years they need it the most. If all you have is SS to live on, then you're pretty much screwed, and may even end up working until the day you die. I'm a truck driver, and we have several companies (including mine) that have people working past retirement age because they have no choice but to work.

 

[Dschrute3]

I have a pension......now THAT is smart

Good thing because you aren’t capable of handling a 401k.

Government retiree?

Bingo

Got a 401 k also

Is it true government workers aren't very smart.

Just don't go for a bike ride in ISIS territory, like these two former government workers did.

A Dream Ended on a Mountain Road: The Cyclists and the ISIS Militants
A Dream Ended on a Mountain Road: The Cyclists and the ISIS Militants

CIA operatives. Not a wise ideal 'Vacation Spot.' They were likely spies.

Can you image how the DNCMSM would report this awful store, had these two been butchered by Christians for not believing, rather than radical Muslims?

If not CIA operatives, they sure made an awful decision on their vacation destination. A very sad deadly blunder.