Average Retirement Savings Balances Rise To This Much, Fidelity Says

Average retirement savings account balances rose in the second quarter despite pandemic fears, according to Fidelity Investments. The increase in retirement nest eggs — mainly in 401(k) accounts and IRAs — occurred due to gains by the stock market and steady contributions to retirement accounts.

The average retirement savings in a Fidelity-held IRA was $111,500 as of June 30. That was a 13% jump from the first quarter. And it was up slightly from the average IRA balance a year ago.

Paul Katzeff | Investor’s Business Daily

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