Number of Retiree Millionaires Doubles over the Past Year, According to Fidelity
Retirees are gaining back full confidence in 401(k) savings plans after a tumultuous run over the past year. Many retirement saving accounts have recovered from losses that resulted from the pandemic, posting healthy increments over the past few months. This comes off the heels of incredible profit runs in the stock markets in recent times. The S&P 500’s annual returns were up by 20% during the first quarter of 2021 compared to the same quarter last year. And besides a scare from three consecutive days of losses, investors have enjoyed…
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