Michael Shamrell News Today

The first quarter of 2024 has seen an unprecedented rise in the number of 401(k) millionaires. This milestone highlights the growing trend of Gen X savers surpassing baby boomers in retirement savings. According to USA Today, the first quarter saw a record number of 401(k) millionaires, now totaling 485,000 savers. Fidelity Investments‘ latest data noted that average 401(k) balances for Gen X long-term savers have hit $543,400. This is the first time Gen Xers have overtaken baby boomers, ...

This article takes a look at the 15 best states to retire in the US financially.

While 2023 might have been a year of economic "lows of the lows," according to Fidelity, average retirement savings hit their highest levels in two years.

The number of 401(k) millionaires jumped 20% in the fourth quarter, Fidelity said.

The number of retirement savers with $1 million or more in their 401(k) accounts leapt 20% from September to the end of December, according to Fidelity.

It's no secret that saving for retirement has taken a backseat for many Americans due to a plethora of reasons. Inflation, resumption of student loans and soaring rates have all taken a toll on...

A new study reveals rankings of all 50 states measuring how long $1 million in your retirement savings will last, with Mississippi the longest and Hawaii the shortest.

Economist argues less spending equals a 'milder’ recession.

Economist argues less spending equals a 'milder’ recession.

Economist argues less spending equals a 'milder’ recession.