Retirement account balances lost almost 25 percent last year: Fidelity

Summary by Ground News

Although retirement balances increased in the fourth quarter of 2022, the average balance of individual retirement accounts (IRA) dropped by 23 percent from the fourth quarter of 2021, according to Fidelity’s research, which was released on Thursday.

Published 3 months ago · Boston, United States

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CNBC

Retirees lost 23% of their 401(k) savings in 2022, Fidelity says

Retirement 401(k) account balances lost nearly one-quarter of their value in 2022, according to Fidelity Investments, the largest 401(k) provider in the U.S.

3 months ago·United States

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The Hill

Retirement account balances lost almost 25 percent last year: Fidelity

Average retirement account balances dropped nearly 25 percent last year, according to a new report by Fidelity. Although retirement balances increased in the fourth quarter of 2022, the average balance of individual retirement accounts (IRA) dropped by 23 percent from the fourth quarter of 2021, according to Fidelity’s research, which was released on Thursday. The…

3 months ago·Washington, United States

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The Business Journals

Fidelity retirement account balances down more than 20% in 2022, but savings rates hold steady

The Boston-based financial services firm says Gen Z and millennial investors are increasingly opening retirement accounts.

3 months ago·United States

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Bloomberg

The Average 401(k) Lost 20% of Its Value Last Year

Retirement accounts took a dive in 2022 as tech stocks plunged, according to research from Fidelity.

3 months ago·United States

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Fox Business

Fidelity: Retirement account balances are down from a year ago but rebounding

Research from Fidelity Investments found that Americans' average IRA and 401(k) balances were down at the end of last year compared to a year ago but are rebounding.

3 months ago·United States

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KESQ

401(k) balances rise, despite economic and market challenges

By Jeanne Sahadi, CNN Business Despite higher prices, endless talk of a possible recession and falling markets, 401(k) participants managed to keep their savings rates relatively steady in the fourth quarter of last year, helping to stabilize their nest eggs and increase their overall average balances. That’s according to new data from Fidelity Investments, one

3 months ago

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