Financial services firm Fidelity revealed in a recent study that nearly 80,000 of its retirement account investors achieved millionaire status during the second quarter, for 10% more 401(k) clients and 13% more IRA clients holding balances worth $1 million or more. Planning for retirement on your own can be difficult. Talk to a financial advisor […] The post There Are More 401(k) and IRA Millionaires Than Ever in 2023: Here’s How You Can Get There appeared first on SmartReads by SmartAsset.
Southern California will see a slight uptick in temperatures in the middle of the coming week, and some rain may make a comeback after.
The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an after-tax Roth account. The rule change was originally set to start in 2024, but will […] The post Good News for People Who Make $145K: IRS Delays New Catch-Up Contribution Rule Until 2026 appeared first on SmartReads by SmartAsset.