A NEW STUDY BY FIDELITY INVESTMENTS INC. shows that second-quarter 401(k) savings rates continue to reach record levels despite market-induced declines in account balances.
PROVIDENCE – A volatile stock market hasn’t deterred people from socking away money for retirement, with 401(k) savings rates at record levels despite market-induced declines in account balances, according to a new study by Fidelity Investments Inc. The 13.9% savings rate, reflecting contributions from both employers and employees, continues the record-setting levels of the prior…
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