Financial services firm Empower’s March survey of 2,204 US adults revealed that the definition of wealth and happiness is rapidly shifting from earning money to valuing time. Around 63% of the survey respondents would feel wealthy if they got sufficient time with friends and family, and nearly 40% believe saving time is more important than … Read more
According to Fidelity’s Q2 2024 retirement analysis report, the number of 401(k) millionaires in the US reached another record high, 497,000, up from 485,000 in the preceding quarter. Fidelity attributed the steady growth over the last few quarters to an improving macroeconomic landscape and more 401(k) participants starting early and steadily contributing to the employee-sponsored … Read more
A freelancer who ceased contributing to her 401(k) plan after losing her employer match opted to contribute to a taxable brokerage account instead, seeking greater flexibility. She explains her reasons for this life-changing shift. Leslie Quander Wooldridge, an expert in her field who has reached millions of readers with her writing, editing, consulting, and coaching, … Read more
