Millennial 401(k) Millionaires Rise by 400% as Market Rally and Steady Savings Lift Account Balances

Millennial 401(k) Millionaires Rise by 400% as Market Rally and Steady Savings Lift Account Balances

401(k) retirement accounts are among the most powerful investment tools for US workers, given the high annual contribution limits, tax benefits, and free money from employer-matching options. More millennials are tapping into the potential of 401(k) accounts. Fidelity Investments data show that the number of millennials with 401(k) account balances above £798,170 ($1 million) increased … Read more