Stock Gains Push 401(k)s to Record Highs

Posted on 02/18/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsLast year’s gangbuster stock market pushed 401(k) savings account balances to record highs, according to two major retirement account providers. Fidelity Investments says the average account balance at the end of last year reached $89,300, a 15.5 percent increase over the year before. For workers age 55 and older, balances averaged $165,200. Many workers roll over their 401(k) into an individual retirement account when they leave a job.  Adding up the balances of those who have both a 401(k) and …

Older Workers’ 401(k) Balances Hitting Record Levels

Posted on 11/9/2012 by | Money and Work | Comments

Bulletin Today | Money & SavingsIf you’ve contributed steadily to your 401(k) and didn’t get scared off by the down economy and the wild swings of the stock market, chances are you’re being rewarded now. The average 401(k) balance reached $75,900 at the end of the third quarter, an 18 percent increase over a year ago, a new study by Fidelity Investments has found. That was its highest level since the company began tracking this data 12 years ago. The news was even better for older workers: average balances were higher. …