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Good News...women Are Saving money and becoming 401k Millionaires

  • According to Fidelity figures given to the New York Times, the number of women who are 401(k) millionaires has doubled over the last 12 years. 
  • Women also reach the million-dollar mark at an average age of 58.5, whereas men reach the same mark at around 59.3 years.
  • These 401(k) millionaire women are putting away 18.1% of their salaries and receiving a 6.8% employer match. 
  • If you want to increase your 401(k) savings, try to up your contribution, take advantage of employer match, and allocate some of your bonus to retirement.

Posted on Sunday, December 3 by Registered CommenterWise Owl | Comments Off