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Submission: On August 30 via api from BE — Scanned from US
Submission: On August 30 via api from BE — Scanned from US
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Accessibility statementSkip to main content Democracy Dies in Darkness SubscribeSign in Democracy Dies in Darkness BusinessPersonal Finance Economy Economic Policy Work Technology Business of Climate BusinessPersonal Finance Economy Economic Policy Work Technology Business of Climate THE 401(K) MILLIONAIRES CLUB HIT A NEW RECORD. WHAT’S THEIR SECRET? While this elite group benefited from surging stock prices, their gains are markers of steady investing over time and having the patience to ride out the rough patches. 5 min 522 Sorry, a summary is not available for this article at this time. Please try again later. (Illustration by Kat Brooks/The Washington Post; iStock) Column by Michelle Singletary August 30, 2024 at 7:00 a.m. EDT A surge in the stock market ushered a record number of retirement investors into the millionaire’s club. The number of 401(k) accounts with $1 million or more increased 31 percent, to 497,000 in the second quarter compared with the same period a year earlier, according to Fidelity Investments, one of the largest administrators of workplace retirement plans. The number of IRA millionaires hit a record 398,594, up 14 percent. Share 522 Comments NewsletterWednesdays The Color of Money Advice on how to save, spend and talk about your money for the short and long term from Michelle Singletary. Sign up PAID PROMOTED STORIES Subscribe to comment and get the full experience. Choose your plan → Advertisement Advertisement Advertisement Company About The Post Newsroom Policies & Standards Diversity & Inclusion Careers Media & Community Relations WP Creative Group Accessibility Statement Sitemap Get The Post Become a Subscriber Gift Subscriptions Mobile & Apps Newsletters & Alerts Washington Post Live Reprints & Permissions Post Store Books & E-Books Today’s Paper Public Notices Contact Us Contact the Newsroom Contact Customer Care Contact the Opinions Team Advertise Licensing & Syndication Request a Correction Send a News Tip Report a Vulnerability Terms of Use Digital Products Terms of Sale Print Products Terms of Sale Terms of Service Privacy Policy Cookie Settings Submissions & Discussion Policy RSS Terms of Service Ad Choices washingtonpost.com © 1996-2024 The Washington Post * washingtonpost.com * © 1996-2024 The Washington Post * About The Post * Contact the Newsroom * Contact Customer Care * Request a Correction * Send a News Tip * Report a Vulnerability * Download the Washington Post App * Policies & Standards * Terms of Service * Privacy Policy * Cookie Settings * Print Products Terms of Sale * Digital Products Terms of Sale * Submissions & Discussion Policy * Sitemap * RSS Terms of Service * Ad Choices 5.23.4 Already a subscriber? Sign in LABOR DAY SALE OUR LABOR DAY SALE IS HERE. SWITCH ON. Subscribe for unlimited access to unmatched reporting. You can cancel anytime. MONTHLY 50¢ every week for the first year billed as $2 every 4 weeks YEARLY $120 $29 for the first year * Unlimited access on the web and in our apps * 24/7 live news updates Add your email address By creating your account, you agree to The Washington Post's Terms of Service and Privacy Policy. Card View more offers