‘The Big Money Show’ panel discusses the rise of 401(k) millionaires. Fidelity reports a 19% increase in accounts with over $1M, while the panel debates retirement savings strategies. #foxbusiness #fox #thebigmoneyshow #401k #retirement #fidelity #investing #wealth #stocks #personalfinance #economy #businessnews #usnews #financialfreedom
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Good Video
3:15 that is why companies don't offer pensions anymore.
Didn’t even know this was something going on 😂 I literally just got off the phone with a financial advisor to help me set up a 403-B for my job. Been thinking about this for years & im only 31 so I still have time to make it!
Did I hear this wrong? I just heard that 401ks are growing, not that Americans are saving more.
The economy is great! Everything is great!
I need and have Roth 401k…I don't like 401k…
🤥 it's only 3 percent
Which is it? More people are saving or not saving enough in their 401k?
I love this network. They speak life into Americans, and are patriotic. Love it.
Inflation is off the charts!!! A million is more like $500K.
Paid off house, drive used cars, live within my means. Retired with a nice 401k Roth. I'm happy.
Gain today, gone tomorrow. A 401k alone won’t cut it. 1 million is the new 2 million.
If republicans want us to work u til 75 they should not be allowed to work in congress that long! Get a back breaking job then you’ll mandate people to work that long!!!
We cut social programs (millions) and spend trillions on wars bombing and murdering brown people. Pathetic Leadership
Billionaires and multi-millionairs are doing GREAT. The other 99.5% not so good, BROKE YET.😂😂😂
I cut back on my 401k contributions this year. Many might say this is a bad thing, but I'm well 'ahead' (over $250k at age 35). I'm just taking employer match now and prioritizing Roth IRA, while also allowing some modest lifestyle inflation. Bought a house, and yeah it wasn't cheap.
Yes. We use Fidelity at Boeing. We now also got access to bitcoin. So we get 100% match on bitcoin through our 401K at Boeing.
I may have to find a job again to get a health insurance 😢.
Even I have 1.6 million dollars in my savings.
I rely heavily on Social Security by the time I retire. If social security run out, I'm going to struggle financially. This is scary.
Congratulations fellow 401(k) millionaires! 🎉
The young generation is not interested in investing. Theyr interested in speculating.
Out of 26 million fidelity 401ks there769k millionaires. You do the math. That 3% and guess what. This millionaires have been investing for 30 years. And not everyone is doing better
The American dream now is fund your 401k and then retire in another country with dollars in your account
Most Boomers are millionaires due to long term market growth
Great i can have a lot of money right before i die
Im one of them at 33 years old.
YEARS AGO YOU GIVE A PERSON 1 MILLION DOLLARS THEY WOULD TO OPEN A LOCAL BUSINESS WITH IDEAS 💡.
NOWADAYS THEY RATHER PUT THEIR MONEY INTO THE GHOST MARKET.
SOON THERE WON'T BE SMALL BUSINESS OWNERS. ONLY ENTREPRENEURS & INVESTORS.
Just hit the $1,000,000+ mark with my Fidelity retirement accounts last week. Three more years to retirement. If all goes as planned, expecting to withdraw $100,000 annually for the next 25 years. Discipline and patience. It’s very possible to retire wealthy.
K shape economy. This isn't surprising.
I started working in 1984 just as Reagan eliminated pension obligations for corporations- Now Republicans want me to work until I’m 75?
This news article is literally the complete opposite of independsnt financial SMEs😅
Hold some in cash in case of a rug pull.
401K. IRA, AND a separate Index Fund (ETF) account. The Index Fund will allow you to retire much earlier without touching the other accounts. Draw on those when there is No Penalty..
Be careful
Watch that bubble POP
It also depends on how much you spend a year. If you're one of the people that spends $120K a year, you'll need a lot more vs someone who only needs $60K a year to live comfortably..
10 yrs ago 1 million was enough. 10 years later, 2 million is enough. Trust me, when you get to 2, 4 million will not be enough.
Where’s Maria?😢
1 million isnt enough anymore. 2 millions is the minimum.
Yeah and 40 percent more than likely won't live to enjoy it.
Ya put it in a 401k so you die before you can use it. Make others rich. Smh. Wait till they pull the rug again and you million is worth 100k. Hahahahhahahahahahha. Fool. Look at the retirement people now. Lol.
After inflation a guy needs to hit a billion to retire comfortably ,move to hell
So much empty headed babble here. What happened to the news?
Agree with the savings. But FUC THE NFL. Racist organization.
Contribute to your 401k and Roth IRA people!!! You can be wealthy too, get out of debt and leave your victim mentality at the door.