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Fidelity Investments says the average balance for 401k retirement funds has jumped to a record high of nearly $81,000 dollars. ... Collectively, they have $1 trillion of student loans to repay ...
For example, consider this scenario developed by 401(k) plan sponsor Fidelity: Taking a loan: A 401(k) participant with a $38,000 account balance who borrows $15,000 will have $23,000 left in ...
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Nowhere in his letter do you learn the ugly fact that despite decades of promotion and happy talk, the median 401(k) of Americans at retirement age has a balance of $71,000–which can’t support ...
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"If an employee has a salary of $60,000 with a 5% match on 401(k) contributions but only contributes 3% due to $600 a month in student loan payments, they are leaving 2% or $1,200 on the table ...
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