According to the same study, the magic number in 2020 was $951,000, which means the amount Americans think they’ll need to retire has increased 53% in only a few years. In fact, it’s jumped by ...

House introduces new 401(k) bill to help workers under 21 start saving for retirement. Following a companion bill introduced in the Senate last year, the House has introduced legislation that ...

On balance, 401(k) participants have had a good run over the past year. Especially those who have amassed a balance of at least $1 million. The number of so-called 401(k) ‘millionaires’ rose ...

Elsewhere, the number of seven-figure IRAs is at a record 391,600 accounts. The average age of 401(k) millionaires at Fidelity skews older at around 59. However, Gen Xers also hit a nice milestone ...

They are still a very small minority in the 401(k) universe, but there were a record number of 401(k) participants with balances over $1 million at the end of the first quarter this year, Fidelity ...