Retirement Investors Saw Record Rebound in Q2
Fidelity reports that the average 401(k) plan balance was up 14% between the start of April and the end of June.
Fidelity reports that the average 401(k) plan balance was up 14% between the start of April and the end of June.
And the owners of traditional IRAs rarely withdraw from their accounts, according to ICI data.
Saving practices tend to vary based on the investor’s age.
According to state authorities, the combined savings of the first groups of participating savers is approaching $5 million.
The American Retirement Association says that tax reform could be a disincentive for small businesses to offer retirement plans; however, as one reader shares, there are counter considerations having to do with Roth 401(k) options that could mitigate some of the concern.