Despite stock market volatility, many Americans are still becoming 401(k) millionaires

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Despite recent declines in the average balance, there were more than 400,000 401(k) millionaires in the first quarter of this year.

We have more and more retirement savers not making changes based on short-term market events. They’re deciding to stay the course and taking a long-term approach.The majority of savers didn’t make a change to their asset allocation in the first quarter of 2022 and of the 5.6% who did, 82% only made one change.

One reason why fewer investors made asset allocation changes may have been because of workplace retirement incentives, such as automatic enrollment into retirement plans. However, not all account holders may have seen the benefits of their increased savings rates. Retirement account balances declined from last quarter, or the same time last year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's advice for how to invest during a recession: 'There's always a bull market somewhere'.jimcramer's advice for how to invest during a recession: 'There's always a bull market somewhere.' (via CNBCMakeIt) jimcramer MakeIt Where was Jim ? jimcramer MakeIt This is the guy that said Bear Stearns was safe to buy in 2008 jimcramer MakeIt Always…
Source: CNBC - 🏆 12. / 72 Read more »

Today’s biggest stock market losers aren’t limited to technology, as economic fears mountSnap’s warning about a rapidly sliding economy sent shock waves through the stock market. All these are fake pullback...Opportunity to buy. Earning still positive regardless the noise. Social media will always exist. Buy the fake pullback
Source: MarketWatch - 🏆 3. / 97 Read more »

MicroStrategy trading at 18-month low following crypto and stock market dropMicroStrategy's stock price has fallen amid a downturn in crypto prices and the world's financial markets. Buy the dip
Source: TheBlock__ - 🏆 464. / 53 Read more »

Transparency in crypto industry ‘critical’: Ripple CEORipple CEO Brad Garlinghouse weighs in on regulation and volatility in the crypto markets from WEF in Davos as bitcoin hovers around the $29,000 level.
Source: FoxBusiness - 🏆 458. / 53 Read more »