At Fidelity, 196,000 401(k) accounts are worth at least $1 million. It turns out, I’m not the only one who likes working with Fidelity. In the past, I have written to you about my positive experience with Fidelity’s services. You can read more about Fidelity here:
- Fidelity Investments: Why it’s #1
- My Personal View on Fidelity Investments for You
- This Money Market Fund is Paying 47 Times More than its Competition
- Identity Fraud on the Rise: Here’s Fidelity’s Customer Protection Guarantee
Now, Fox Business reports that the number of millionaires at Fidelity is rising. Ken Martin writes:
The number of people with 401(k) and IRA balances that topped a million dollars hit a record in the second quarter.
The number of investors with at least $1 million in their 401(k) accounts at Fidelity reached 196,000, according to USA Today.
That is up from the 180,000 in the previous quarter.
IRA millionaires increased to 179,700 from 168,100.
Investors recouped the money that they lost toward the end of 2018.
The average account balances also increase for 401(k) and IRAs by 2 percent and 3 percent respectively.
That’s great news for investors. If you haven’t already, take some time to explore Fidelity’s services and technology to see if they’ll work for you.
