Savings & Retirement
American Workplace Retirement Savings Accounts Hit New Records
A third of people in 401(k) plans increased their contributions, and the booming stock market lifted balances.
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It’s a good time to take a peek at your 401(k) balance.
Americans finished 2020 with the largest nest eggs on record, as the bull market and automatic annual contribution increases lifted the value of investments in accounts that help reduce taxes and encourage long-term savings, according to new figures from Fidelity Investments.