Thinker101
Diamond Member
- Mar 25, 2017
- 24,412
- 14,378
- 1,415
There’s now a record number of 401(k) and IRA millionaires, according to Fidelity
- Fidelity says a record 441,000 IRA or 401(k) accounts it manages had balances of $1 million or more.
- The number represents 1.6% of the 27.2 million IRA and 401(k) accounts managed by Fidelity.
- The average 401(k) balance rose to a record $112,300, a 7% increase from last quarter’s balance of $105,200.
- Employees are saving more: One-third of plan participants increased the amount they were saving by an average of 3%.