Financial services firm Fidelity revealed in a recent study that nearly 80,000 of its retirement account investors achieved millionaire status during the second quarter, for 10% more 401(k) clients and 13% more IRA clients holding balances worth $1 million or more. Planning for retirement on your own can be difficult. Talk to a financial advisor […] The post There Are More 401(k) and IRA Millionaires Than Ever in 2023: Here’s How You Can Get There appeared first on SmartReads by SmartAsset.
Americans believe they’ll need at least $1.8 million to retire, an increase from last year’s magic number of $1.7 million. However, not very many are confident they'll be able to get there. These are the two top-line takeaways from this year's 401(k) Participant Study published by Charles Schwab, the annual study that tracks important retirement […] The post Americans Say They Now Need $1.8 Million to Retire. Here’s How You Can Get There appeared first on SmartReads by SmartAsset.