The number of individuals with $1 million or more saved in their 401(k) accounts increased by 20% from September to December, as reported by Fidelity. 50% of Fidelity's millionaires are boomers, equal to the number of Gen X millionaires, while Millennials represent 0.8%. A survey of over 1,000 U.S. adults found that nearly 40% are not contributing to a retirement fund, with 30% believing they will never retire. Some older individuals are busier post-Social Security deadlines, redefining retirement. Experts discuss the changing landscape of early retirement and the financial feasibility of stopping work at 60 and living to 100.
Many Americans want to stop working at 60 and live to 100. Can they afford it? https://t.co/11724GkwPM
Early retirement is changing — here's what to consider, according to the experts https://t.co/FbxpQvhntq
Can you imagine being busier than ever before *after* your Social Security deadlines? Lots of older folks these days can, and they like it. Lyndi Schrecengost on the meaning of retirement in the modern era: https://t.co/6PspkM7uS0
The research, which surveyed over 1,000 U.S. adults, revealed that nearly 40% of Americans are contributing nothing to a retirement fund — and 30% of them say they'll never be able to retire. https://t.co/n0E9ZlW7fn
The number of folks with $1 million or more saved in their 401(k) accounts jumped 20% from September to the end of December, according to Fidelity. 50% Fidelity’s millionaires are boomers, which was on par with the number of Gen X millionaires. Millennials accounted for 0.8%.