The Number of 401(k) Millionaires Just Reached a New Record High
By:
Ana Lucia Murillo
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If you've been slowly stashing away money saving for retirement, this is your moment to shine: The value of the average retirement nest egg just hit an all-time high.
According to the latest release from Fidelity, the average retirement account balance hit its third record high in as many fiscal quarters. The average 401(k) balance now stands at $129,300, which is nearly $25,000 higher than the same time last year.
