Megan Henney

Baltimore

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Articles

Why there are more 401(k) millionaires in the US than ever before

Aug 30, 2024 | fox5ny.com | Megan Henney

FILE-In this photo illustration, a man is seen holding money in his hand. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images) The number of 401(k) plan participants with balances of $1 million or more rose to a record high at the end of June, according to new findings published by Fidelity Investments. There were about 497,000 so-called 401(k) "millionaires" during the second quarter, the data shows.
Why there are more 401(k) millionaires in the US than ever before

Aug 30, 2024 | fox35orlando.com | Megan Henney

FILE-In this photo illustration, a man is seen holding money in his hand. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images) The number of 401(k) plan participants with balances of $1 million or more rose to a record high at the end of June, according to new findings published by Fidelity Investments. There were about 497,000 so-called 401(k) "millionaires" during the second quarter, the data shows.
Why there are more 401(k) millionaires in the US than ever before

Aug 30, 2024 | fox5dc.com | Megan Henney

By Megan HenneyPublished August 30, 2024 12:05pm EDT FILE-In this photo illustration, a man is seen holding money in his hand. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images) The number of 401(k) plan participants with balances of $1 million or more rose to a record high at the end of June, according to new findings published by Fidelity Investments. There were about 497,000 so-called 401(k) "millionaires" during the second quarter, the data shows.
Inflation measure closely watched by the Fed rises 2.5% in July

Aug 30, 2024 | finance.yahoo.com | Megan Henney

An inflation measure closely watched by the Federal Reserve inched higher in July as elevated prices continue to weigh on millions of Americans. The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% from the previous month. On an annual basis, prices climbed 2.5%. Those figures are mostly in line with expectations.
Inflation measure closely watched by the Fed rises 2.5% in July

Aug 30, 2024 | newsbreak.com | Megan Henney

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Inflation measure closely watched by the Fed rises 2.5% in July

Aug 30, 2024 | msn.com | Megan Henney
Inflation measure closely watched by the Fed rises 2.5% in July

Aug 30, 2024 | foxbusiness.com | Megan Henney

Penn Mutual Asset Management CIO Mark Heppenstall joins ‘Mornings with Maria’ with his perspective on several U.S. economy headlines. The personal consumption expenditures index showed that prices rose 0.2% from the previous month, according to the Commerce Department. On an annual basis, prices climbed 2.5%. Those figures are mostly in line with expectations. This is a developing story. Please check back for updates.
Trump, Harris spending plans could weigh on the US economy, analysis shows

Aug 29, 2024 | nypost.com | Megan Henney

As the 2024 presidential campaign heats up, Vice President Kamala Harris and former President Trump have laid out competing economic visions for the country. The presidential candidates are going head-to-head on a number of tax policy issues, including the expansion of a child tax credit and the elimination of taxes on tips.
The number of 401(k) millionaires hit a new record high

Aug 29, 2024 | msn.com | Megan Henney

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There are more 401(k) millionaires in the US than ever before

Aug 29, 2024 | foxbusiness.com | Megan Henney

video The number of 401(k) plan participants with balances of $1 million or more rose to a record high at the end of June, according to new findings published by Fidelity Investments. There were about 497,000 so-called 401(k) "millionaires" during the second quarter, the data shows. That marks a 2.5% increase from the previous quarter and is the third-straight quarter of retirement savings growth. Among those accounts, the average balance hit $1,595,200, up from $1,581,000 at the end of March.