Million Dollar 401ks And How You Can Incorporate Savings

Saving for retirement requires dedication and time. During those years of dedication, however, market movements will make significant jumps that you can then celebrate. And we’re in the midst of such a shift.

A recent Fidelity study highlights this very fact. According to a review of Fidelity 401k accounts, the number of participants with over $1 million in assets within the account has increased by 15% in the first quarter of 2024, compared to end of 2023. This is a result of the market moving forward – it’s up 11% through 2024 and 25% over the course of the past year.