According to the new Fidelity Investments data.
Financial Services Company found in a recently released pension analysis in the fourth quarter that balances this type Plan to retire An average of $ 131,700.
According to Fidelity, the figure noted the jump 11% compared to last year.
Close the statement 401 (K) with a pie chart indicating the asset distribution. To see more of my financial images, click the link below: (Istock / Istock)
Compared to the third quarter of 2024, however, the average residues per 401 (k) s accounted for a decrease by 0.5%, showed the analysis. The third quarter was when 401 (k) plans reached its “high average” for the remains, an average of $ 132,300.
According to Fidelity, the retirement plan owners, in which the retirement plan owned the money up to 14.1%, in the fourth quarter.
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Similar to 401 (K) S, the average residues for the other two popular pension vehicles -ra and 403 (B) S-observed a small decrease by 1% with the third quarter, but showed an increase per year.
Fidelity has tied up to the average balance of 403 (b) accounts in the fourth quarter at $ 117 800, which is 11% compared to a year ago.
Meanwhile, IRA accounts kept the average residues of 127 543. This is an 8% growth compared to the fourth quarter of 2023, the report said.
A senior couple who uses a laptop to help arrange their retirement plans. (Istock)
Analysis in the fourth quarter Fidelity is included More than 50 million retirement accounts.
Overall, the financial services company stated that in 2024 people who build nest eggs “survived a year of positive growth”.
Increasing retirement deposits increased by almost 40% of those who save for their golden years, Fidelity reports too. The average increase was 2.9%.
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“As we have for a few quarters we have noticed Trends of savings up in Q4. This is encouraging the news and is especially important for many Gen X depositors that are capable of making contractual contributions, “said the head of the Fidelity Wealth Roger Stiles department.
The deadline for submitting the tax return is April 15, the IRS reports.
Faithfulness also emphasized the pension efforts of the generation X – people born from 1965 to 1980 – in the last analysis.
When it came to the IRA, Gen Xers increased its average contribution by 16% compared to last year, the financial services company reports.
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Meanwhile, Gen Xers, which invest in 401 (K) accounts regularly for 15 years, reached the average bill of $ 589,400, which is 18% compared to the same period last year.
A person invests money in a retirement bank. (Istock / Istock)
Americans believe that $ 1.46 million is the amount of money necessary for a comfortable retirement, according to a study published by Northwestern Mutual last year.
Center for retirement research Transamerica revealed in a message August 2024 that average Age of retirement The middle class retirees were 62.
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2025-02-27 11:00:00
