If you’re anyone who is starting to think about retirement, there is every reason to start planning as early as possible. In ...

The average 401 (k) retirement balance was $131,700 as of the fourth quarter of 2024. Although average retirement balances ...

Fidelity finds women are determined to save more money. Fidelity Investments just published a new report looking at the ...

Making the maximum contributions to your retirement plan can increase your retirement savings and lower your taxes. But the end of the year means the 2024 401(k) contribution deadline arrived.

For 2025, 401 (k) participants ages 60-63 can put away an additional $11,250 in catch-up contributions, greater than the $7,500 limit for those in their 50s. However, "once you reach age 64, that goes ...

Buoyed by a strong market and an ongoing commitment to saving, Fidelity Investments’ fourth quarter, 2024 retirement analysis finds that the number of 401(k)-created millionaires has reached another ...

New data show a 27 percent jump in $1 million-and-up accounts last year, with the average millionaire making contributions ...

Americans’ retirement accounts benefited from steady market appreciation and higher contribution rates last year, according ...

The number of 401 (k) accounts with balances of $1 million or more at Fidelity Investments rose 27% to 537,000 in 2024, ...

The total average 401 (k) savings rate increased to 14.1%, up slightly from 13.9% a year ago and close to Fidelity's suggested savings rate of 15%. The total rate includes an average 9.4% contribution ...

Not surprisingly, the balances in 401 (k) plans go down for people in their 70s and 80s. The average 401 (k) balance for people in their 70s is $431,962 with a median balance of $106,654. And the ...