401(k) plan

Out Of 48M Retirement Accounts Analyzed, Only 497K Have $1M—Financial Expert Shares How To Reach That

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Out Of 48M Retirement Accounts Analyzed, Only 497K Have M—Financial Expert Shares How To Reach That

With retirement savings on the rise, reaching a million-dollar balance is becoming more attainable for many. According to a recent analysis by Fidelity of over 48 million retirement accounts, including IRAs, 401(k)s, and 403(b)s, the number of individuals with million-dollar 401(k) balances has surged to a record high. In the second quarter of 2024 alone, … Read more

66-Year-Old Who’s Struggling With $1,601 Monthly, Share’s Why She Refuses To Touch Her 401(k) Until She’s 70

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66-Year-Old Who’s Struggling With ,601 Monthly, Share’s Why She Refuses To Touch Her 401(k) Until She’s 70

Maureen, a 66-year-old retired teacher, relies on a modest $1,601 monthly from Social Security to make ends meet. Though she has a 401(k), she is reluctant to draw from it, worried that she might exhaust her savings too soon. Throughout her more than 40 years in elementary and middle schools, Maureen cherished a special tradition … Read more