Latest News
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…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.