Millionaire Savers' IRA and 401(k) Balances Surge
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average savings tenureYahoo Finance
•More millionaires are among us thanks to ballooning 401(k), IRA balances
86% Informative
IRA account holders at Fidelity with $1 million or more saved jumped to 398,594 at the end of June .
That nearly 6% bump is significant.
The average age of the IRA-created millionaire is 68 , compared to 59 for a 401(k)-created millionaire.
Many of Fidelity 's IRA millionaires are Gen Xers reaching peak earnings years .
The average savings tenure of Fidelity account millionaires is more than two decades .
Across generations, Roth IRAs are the retail retirement savings vehicle of choice.
Gen Z investors — those born between 1997 and 2012 — increased 66% in the last year .
Ultimately, it's up to you to invest in your future and to get serious.
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