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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, who ave

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.