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A record number of millionaires created in US by rock-solid 401(k) market
The average balance is a gross figure, and a blended federal and state tax bill can approach $34,000, Fidelity said.
Summary by The Independent
4 Articles
4 Articles
Reposted by
BizToc
Fidelity Says the Average 401(k) Balance Hit $155,800. As Much as $34,000 of That Belongs to the IRS, and the Bill Grows Every Year It Sits Untouched
Your 401(k) statement shows a number that feels like yours, but a silent partner has a claim on a piece of it that grows larger every year you wait to settle up.
Reposted by
The Independent (US)
A record number of millionaires created in US by rock-solid 401(k) market
A $1 million account remains rare for most workers, with the overall average Fidelity 401(k) balance sitting at $155,800 at the end of June
Coverage Details
Total News Sources4
Leaning Left2Leaning Right0Center1Last Updated67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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