FIDELITY RETIREMENT ANALYSIS
A record 769,000 Americans now have $1 million in their 401(k). Here’s how much they save
As of late June, an impressive 769,000 people had exceeded $1 million in their workplace retirement accounts. Fidelity revealed that the average 401(k) balance was pegged at $155,800, while the median was notably lower at $35,800. In the second quarter, thanks to a 14.9% increase in the S&P 500, many account holders saw significant recovery.
Forget your 401(k)? Why this overlooked number could decide your retirement future
A big 401(k) balance can look safe, but it may not protect your retirement life. Experts say the real focus should be on your income replacement ratio, not just savings size. This number shows how much of your salary your retirement income can replace. Planning by income goals, not lump sums, can help secure a steady retirement future.
This little-known IRS tax trick could save retirees thousands, yet 90% never use it
A little-known IRS tax rule called a qualified charitable distribution can help retirees donate to charity and pay less tax. This option is mainly for older retirees with IRA savings. Many people miss it because they take the standard deduction. Used correctly, it can lower taxable income while supporting good causes.
Fidelity’s shock 401(k) freeze leaves customers fuming — company insists it’s for protection
Fidelity 401(k) freeze shocks investors. Thousands are suddenly locked out of retirement accounts. Those using third-party advisors cannot log in. Balances, trades, and monitoring are blocked. Fidelity says it’s for security, stopping credential sharing to prevent hacks and unauthorized trades. Customers can restore access by contacting the firm directly. Independent advisors warn this limits choice and pushes clients toward in-house services.
IRS boosts 401(k) cap for 2026 — check the new limit before you miss out
401k 2026 contribution limit IRS: The IRS has increased 401(k) contribution limits for 2026. Employees can now defer up to $24,500. Savers aged 50 and older can contribute an additional $8,000. These changes apply to various retirement plans. Updates for individual retirement accounts and Roth IRA income thresholds were also released. Many Americans do not max out their 401(k) contributions.
The power of SIP compounding: How working women can build generational wealth
This International Women's Day, learn how systematic investment plans (SIPs) and compound growth can help Indian women achieve financial independence. By investing in a balanced mutual fund portfolio and adjusting investment amounts with salary growth, women can build substantial wealth and secure their financial future.
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Looking to invest in PSUs ? Have the right mix of expectations as the risk rewards equation is very different in these 45 public sector stocks
If one looks at the last three months of the stock market moves, a new industrial house appears to be born and has caught the fancy of the street. Yes, we are talking about PSU as a set of companies. It is not owned by one individual but by the government of India so there is an element of the largest shareholder being one entity and that is why it may be called a new industrial house. Stocks which have been listed for years and till a year back were available at dividend yield of 6 % and no one was ready to look at them. They have suddenly caught the fancy.
Want to build a career in the BFSI sector? These skills will get you higher pay
For tech roles in the sector, Yadhu Kishore Nandikolla says multiple courses are available in online and in classroom settings. Although the course preference may vary based on the role one intends to pursue, some popular courses are AWS, Azure, DevOps, Jenkins, Kubernetes, Python, RPA, VBA and Vertica.
Paytm IPO before Nov, Delhivery funding, crypto curbs
In today's ETtech Morning Dispatch newsletter, Paytm IPO is likely "before November" this year; Delhivery raises more than Rs 2,000 crore ahead of its IPO next year; and Zerodha's profit more than doubled in FY21.
Coronavirus fears hit the market hard. How much did ordinary Americans lose?
Americans are mostly exposed to stocks via their 401(k) retirement plans.
FIs make a beeline to bid for anchors' pie in HDFC Life offer
HDFC and Standard Life held 61.53 per cent and 34.94 per cent, respectively, in HDFC Life in March.
The 24 most powerful people in America
The world's top superpower is chock-full of people who possess the potent combination of money and influence that enables them to help shape the world.
Query Corner: Mutual Fund
Our expert guides you in matters relating to mutual funds.
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