Retirement balances are at their highest in nearly two years, with 20% jump in 401(k) millionaires
Article Excerpt: "...The average 401(k) account balance was up 14% from last year, at $118,600, Fidelity said ..."
Resource: www.marketwatch.com
A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "...The average 401(k) account balance was up 14% from last year, at $118,600, Fidelity said ..."
Article Excerpt: "Here’s how five Gen Xers are thinking about and planning for retirement. ...first learned of the power of compound interest when she was 20 years old and starting her career ...“I was like, wow, that’s pretty cool,” Young tells Fortune. From then on, she made contributed to her employer’s 403(b)—a tax-advantaged retirement account similar to a 401(k)"