Not in the 401(k) millionaire’s club? You’re in good company
Fidelity Investments says there were fewer 401 and IRA accounts worth $1 million or more under its management at the end of the fourth quarter, but if you’re not one of them, don’t fret: the vast majority of people are just like you .
A better way is to determine the median account’s worth—meaning half of all accounts are worth more and half less. And the median account’s value? Just $24,800. And this can be examined further, by age group. Fidelity’s data also show:Average 401 balance: $43,600.Median 401 balance: $36,900.Average 401 balance: $198,600.
You know what they say DOES define a good life? “Having family and friends that love me” . Next, at 75%, is “having made a positive impact on society,” and “The memories I’ve shared with my loved ones” .In other words, you don’t need a ton of money to find fulfillment. You need family and friends, laughter and memories. These pleasures, which are available to anyone, transcend the things that so many people spend years chasing—wealth, power and fame.
In fact, he tells the New York Times, a 65-year old person today is really more like a 55-year-old was, say, half a century ago, because of rising life expectancy, and a better awareness of what drives personal health and cognitive function. “An old age threshold should not be fixed but depend on the characteristics of people,” he says.
Look younger with some simple facial exercises Those crow’s feet we all get around our eyes. A wrinkle here, a sag there. It’s an inevitable byproduct of aging—or is it?
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Maxing out a 401(k) is surprisingly rare — but may be easier than you thinkThink maxing out your 401(k) is impossible? Let these people convince you otherwise
Weiterlesen »
When, and when not, to borrow from your 401(k)It’s surprisingly easy to borrow from your 401(k) — but that doesn’t mean you should
Weiterlesen »
Here are the ages you financially peak at everything throughout life — from salary to net worthYour retirement account is most likely to hit $1 million around age 59. But you don't have to be a high earner to become a 401(k) millionaire.
Weiterlesen »
When, and when not, to borrow from your 401(k)It’s surprisingly easy to borrow from your 401(k) — but that doesn’t mean you should
Weiterlesen »
Maxing out a 401(k) is surprisingly rare — but may be easier than you thinkThink maxing out your 401(k) is impossible? Let these people convince you otherwise
Weiterlesen »
Alabama authorities charge man in death of 11-year-old girlCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Weiterlesen »