Stephanie Colestock | Yahoo Finance | Jul 26th, 2022
The number of 401(k) and IRA millionaires reached an all-time high in the first quarter of 2021, according to Fidelity Investments. Retirement account balances have been steadily recovering in the year since COVID first emerged, even surpassing pre-pandemic levels.
Today, more than 365,000 Fidelity investors boast seven-figure 401(k) balances, along with more than 307,600 IRA millionaires.
A well-funded retirement account can afford you the financial security you need after your career ends. But to become a 401(k) millionaire, there are several steps you’ll need to follow.