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Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts.
Here are the best places to roll over your 401 (k) into an IRA and what you need to know to make a smart decision.
401 (k) In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer.
The number of "401 (k) millionaires" — 401 (k) plan participants with balances of at least $1 million — has reached a record high, new data from Fidelity Investments shows.
Edelman Financial Engines is a financial advisory firm that provides personalized investment management and financial planning services.
And it's possible that Fidelity's analysis undercounts retirement account millionaires, given individuals may contribute to both 401 (k)s and IRAs, or have accounts at other institutions.
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