How To Build A $1 Million 401(k) With A Savings Strategy

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

A recent Fidelity study highlights this very fact. According to a review of Fidelity 401(k) accounts, the number of participants with more than $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 past year.