There's now a record number of 401(k) and IRA millionaires, according to Fidelity. investinyou (In partnership with acorns.)
Thanks to record-breaking markets and more retirement savings, the number of 401 and IRA millionaires has reached a new record, according to Fidelity.
Average 401 and IRA balances have hit record levels. The average 401 balance rose to $112,300, a 7% increase from last quarter's balance of $105,200. The average IRA balance was $115,400, also a record. A record number of workplace plans offered a managed account, which provides workers with professional planning and support. That support is a big confidence booster for savers.
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