401(k) balances hit a new all-time high, Fidelity says

, if your employer offers it, which will automatically boost your savings rate by 1% or 2% each year.

And always contribute enough to get the full employer match, she said, "that way you won't leave money on the table." Overall, aim to save 15% of your income in a retirement account, including the employer contribution, Macdonald also advised.. plans and $6,000 for IRAs in 2021 — those who qualify can put an extra $6,500 in their 401 or $1,000 in their IRA.)

Finally, avoiding borrowing from these accounts at all costs. "Try to stash a little bit of money away in a rainy-day fund so you can dip into that instead," Macdonald said.

What are you going to do with 129,300 it will be gone in two years the why everything is going up.

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