CEE DOG
Well-Known Member
I can agree with this. :tup: 2012 was a good year.
http://money.cnn.com/2013/02/14/retirement/401k-balances/index.html?hpt=hp_t2
401(k) balances reached record highs in 2012, as a strong stock market and increased contributions helped retirement savers continue to recover from recession losses.
Fidelity Investment's average 401(k) balance hit $77,300 at the end of 2012 -- up nearly 12% from $69,100 in 2011, according to a report released Thursday by Fidelity, the country's largest provider representing 12 million U.S. workers.
The balance also tops the third quarter's average balance of $75,900, the highest recorded since 2000.
"It is very encouraging to see that the retirement balances have completely bounced back from where they were during the height of the downturn and that participants have continued to have faith in the 401(k)," said Jeanne Thompson, Fidelity's vice president for retirement insights.
http://money.cnn.com/2013/02/14/retirement/401k-balances/index.html?hpt=hp_t2
401(k) balances reached record highs in 2012, as a strong stock market and increased contributions helped retirement savers continue to recover from recession losses.
Fidelity Investment's average 401(k) balance hit $77,300 at the end of 2012 -- up nearly 12% from $69,100 in 2011, according to a report released Thursday by Fidelity, the country's largest provider representing 12 million U.S. workers.
The balance also tops the third quarter's average balance of $75,900, the highest recorded since 2000.
"It is very encouraging to see that the retirement balances have completely bounced back from where they were during the height of the downturn and that participants have continued to have faith in the 401(k)," said Jeanne Thompson, Fidelity's vice president for retirement insights.
