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The average balances for 401 (k), IRA, and 403 (b) accounts also reached record highs, as did contributions. IRAs and 403 (b)s saw double-digit percentage growth from 2019 to 2020 with the...
Fidelity Investments, commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts.
This is just below Fidelity’s suggested savings rate of 15%. In what reflects the financial strain inflation is inflicting on some Americans, hardship withdrawals were on the rise, the report...
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