👴👵 Find Out How You Can Save Like a 401(k) Millionaire (AARP Article)

SummerOnTheWay1 — Mon, 05 Aug 2024 18:38:22 GMT

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!!

How to Save Like a 401(k) Millionaire.

More Americans than ever have seven-figure nest eggs; this blueprint can help build yours.

By Tamara E. Holmes, AARP. Published July 22, 2024.

Who wants to be a 401(k) millionaire?

Most of us, probably. And those who make it are growing in number. Fidelity Investments, one of the biggest retirement plan providers, reported a record 485,000 seven-figure accounts among its 401(k) plan holders in the first quarter of 2024, a 43 percent increase from a year earlier.

https://www.aarp.org/retirement/planning-for-retirement/info-2024/401k-millionaire-saving-tips.html

Re: 👴👵 Find Out How You Can Save Like a 401(k) Millionaire (AARP Article)

RN362636 — Sat, 31 Jan 2026 05:13:28 GMT

Fidelity manages 51 million retirement accounts, so 485,000 seven figure accounts is not all that impressive. It is less than 1% of all accounts. The average Fidelity 401K balance for the 3rd quarter of 2025 was $144,400, far less than one million. It is my understanding from various sources that 91% of retirees have less than $500,000 in retirement savings. The suggestions in the article are pretty good though. Hopefully more will follow good suggestions and be able to retire more comfortably than social security alone.

topic 👴👵 Find Out How You Can Save Like a 401(k) Millionaire (AARP Article) in Retirement

👴👵 Find Out How You Can Save Like a 401(k) Millionaire (AARP Article)

Re: 👴👵 Find Out How You Can Save Like a 401(k) Millionaire (AARP Article)