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Saving a million for retirement

(By – Heidi Foster – www.rgj.com)

The concept of retiring with over a million dollars in a retirement account is a goal for many people. Having financial goals and discipline is part of what it takes to save over a million in retirement savings. While the Employee Benefit Research Institute shows less than 1 percent of the 52 million 401(k) savers have crossed the million-dollar mark, research out of both Schwab and Fidelity show that with the plans they custody, they have seen the million dollar-plus 401(k) accounts approximately double from 2012 to 2014, with Fidelity reporting over 72,000 accounts in 2014. Read more…

 

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