This_person
Well-Known Member
The ranks of 401(k) and IRA millionaires again hit a record high in the second quarter at Fidelity Investments after stocks fully recovered from their losses suffered at the end of 2018.
The number of investors with at least $1 million in their 401(k) accounts rose to 196,000 at the end of the second quarter, up from 180,000 the previous quarter and surpassing the previous record of 187,400 reached in the third quarter of 2018, according to Fidelity.
The tally of IRA millionaires increased to 179,700 from 168,100 in the first quarter. The prior high was 170,400, also achieved in the third quarter of last year. Short for individual retirement account, an IRA is a tax-deferred personal retirement plan sponsored by the government.
That's not all the milestones, either, according to Fidelity's report released Wednesday. Contribution rates and increases also hit record levels.
Don't you hate it when the economy is sooooo bad that we have more people working than ever, more people millionaires than ever, etc.?
The number of investors with at least $1 million in their 401(k) accounts rose to 196,000 at the end of the second quarter, up from 180,000 the previous quarter and surpassing the previous record of 187,400 reached in the third quarter of 2018, according to Fidelity.
The tally of IRA millionaires increased to 179,700 from 168,100 in the first quarter. The prior high was 170,400, also achieved in the third quarter of last year. Short for individual retirement account, an IRA is a tax-deferred personal retirement plan sponsored by the government.
That's not all the milestones, either, according to Fidelity's report released Wednesday. Contribution rates and increases also hit record levels.
Don't you hate it when the economy is sooooo bad that we have more people working than ever, more people millionaires than ever, etc.?