The number of 401(k) millionaires is rising — but there’s a catch. Some baby boomers are taking big risks.

Washington Post Finance 3 weeks ago
Fidelity found that many savers have a higher share of equities than might be wise, especially for those near retirement age.

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CNBC › Finance › 3 weeks ago
The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 200,000 in the third quarter of 2019, while the number of IRA millionaires also increased to an all-time high of 182,400.
Business Insider › Lifestyle › 5 days ago
When boomers were roughly the same age as millennials are now, they owned about 21% of America's wealth, compared to millennials' 3% share today, according to recent Fed data. Baby boomers are outpacing the Silent Generation in terms of wealth as they...
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A Roth 401(k) comes with a few attractive qualities, including a $19,000 individual contribution limit in 2019 and no required distributions. But is it the right choice?
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The "OK, boomer" phenomenon calls out Baby Boomers who say younger generations have "Peter Pan syndrome." But why are they so peeved at Boomers?
Forbes › Finance › 1 month ago
If you want to supercharge your 401(k) to be worth tens of millions of dollars, you'll have to learn what the rich already know - the secrets of the self-employed 401(k).
Forbes › Finance › 1 month ago
Is your 401(k) your only retirement vehicle besides Social Security? Read here for 3 problems with the traditional 401(k)!
Forbes › Finance › 3 weeks ago
A 401(k) Investment Policy Statement (IPS) can provide a vital map to the continuing success of a company sponsored 401(k) plan.
Business Insider › Lifestyle › 1 month ago
The key to building wealth is living in a home you can easily afford, according to Sarah Stanley Fallaw, a researcher who studied more than 600 millionaires. She found that most of the millionaires she studied lived in houses that cost below their...
Business Insider › Lifestyle › 2 weeks ago
Frugality is one of the key characteristics of wealth, according to a researcher who studied more than 600 millionaires. Those who commit to saving, spending less, and sticking to a budget are more likely to become millionaires, she said. Many of the...
Business Insider › Lifestyle › 1 month ago
Almost half of America's millennial millionaires live in California, according to a new report by Coldwell Banker. These millennial millionaires are mostly based in Silicon Valley, and it highlights the relationship between tech, wealth, and real...
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