According to the Washington Post, the number of employees able to reach millionaire status in their workplace retirement plans has hit record levels.
- By how much did the number of Fidelity Investment 401(k) plans increase having $1 million or more over the 1st quarter of the year?
- Vanguard Investments also saw a spike in the number of millionaires by how much at the end of 2018?
- At Fidelity, how long has the average millionaire been contributing to his or her plan?
- What is the catch-up provision for workers older than 50?
Singletary, M. (2019). The number of workers becoming retirement-plan millionaires hits record highs. The Washington Post, August 23 (Retrievable online at https://www.washingtonpost.com/business/personal-finance/the-number-of-workers-becoming-retirement-plan-millionaires-hits-record-highs/2019/08/22/e519c5dc-c512-11e9-b72f-b31dfaa77212_story.html)