More Americans are now 401k millionaires. Good Bless Bidenomics.

J

Joe Capitalist

Racism is a disease
More Americans are now 401k millionaires. God Bless Bidenomics.

More folks can retire as millionaires thanks to Bidenomics.

https://finance.yahoo.com/news/more-americans-are-now-401k-millionaires-123138990.html

The number of people with $1 million or more saved in their 401(k) accounts leapt 10% from April to the end of June, according to Fidelity Investments. There was also a 13% pop in millionaires with IRA accounts held at the firm during that same timeframe.

And it isn’t just newly minted millionaires who have something to crow about. For the third straight quarter, Fidelity reported retirement account balances increased for all savers. That’s according to the company’s second quarter analysis of savings account balances for more than 45 million IRA, 401(k), and 403(b) retirement accounts.

Numerous factors played a role in the gains, including the ability to stick to saving for the long haul to ensure security in their golden years.

“Overall, the increase in balances [for all investors] was based on ongoing employer and employee contributions, along with positive market performance.” Michael Shamrell, vice president for workplace thought leadership for Fidelity, told Yahoo Finance.

“The increase we are seeing in 401(k) millionaires this quarter [also] shows the value of long-term investing.”
 
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Horse mierda, Joe Communist.




Retirement funds are getting hammered: Moore and Antoni's analysis found that 401(k) plans have suffered more than $2 trillion in losses. They write: “the average 401(k) plan is down about $34,000 — more than 25 percent in less than one year!”Oct 18, 2022

Analysis: Average American Has Lost $34K to Biden-Flation


Feb 23, 2023 — The average 401(k) account at Fidelity Investments lost about a fifth of its value in 2022, tumbling to $103,900 from $130,700, according to a ...
 
Earl said:
Horse mierda, Joe Communist.




Retirement funds are getting hammered: Moore and Antoni's analysis found that 401(k) plans have suffered more than $2 trillion in losses. They write: “the average 401(k) plan is down about $34,000 — more than 25 percent in less than one year!”Oct 18, 2022

Analysis: Average American Has Lost $34K to Biden-Flation
Click to expand...

2022. Idiot. :laugh:
 
Joe Capitalist said:
More folks can retire as millionaires thanks to Bidenomics.

https://finance.yahoo.com/news/more-americans-are-now-401k-millionaires-123138990.html

The number of people with $1 million or more saved in their 401(k) accounts leapt 10% from April to the end of June, according to Fidelity Investments. There was also a 13% pop in millionaires with IRA accounts held at the firm during that same timeframe.

And it isn’t just newly minted millionaires who have something to crow about. For the third straight quarter, Fidelity reported retirement account balances increased for all savers. That’s according to the company’s second quarter analysis of savings account balances for more than 45 million IRA, 401(k), and 403(b) retirement accounts.

Numerous factors played a role in the gains, including the ability to stick to saving for the long haul to ensure security in their golden years.

“Overall, the increase in balances [for all investors] was based on ongoing employer and employee contributions, along with positive market performance.” Michael Shamrell, vice president for workplace thought leadership for Fidelity, told Yahoo Finance.

“The increase we are seeing in 401(k) millionaires this quarter [also] shows the value of long-term investing.”
Click to expand...

I see that you hurt pEarl's feelz with the truth. From other sources, same good news:

The Number of 401(k) Millionaires Is Back on the Rise as Account Balances Surge

401(k) millionaires are on the rise after taking a hit last year. Boomers are leading the way

Of course, uneducated investors with annuities aren't faring so well but that's what happens when you are willfully ignorant, like pEarl.
 
Not sure why you would attribute 401k accounts to Joe, people invest in those for decades.

They will always go up and down over many presidencies.
 
https://www.cbsnews.com/news/retirement-401k-loss-average-balance/

That's a 2023 link, for the idiots on the forum, from CBS News.

Saving for retirement requires looking at the big picture, but it can be dispiriting when your 401(k) or other retirement plan takes a beating — a common plight for American workers last year, according to new data from Fidelity.

The average balance in a 401(k) plan tumbled 20.5% in 2022, reducing employee nest eggs to $103,900 at the end of 2022, Fidelity said on Thursday. That compares with an average balance of $130,700 a year earlier, the financial services firm said, citing an analysis of 22 million retirement plan participants.
 
Libhater said:
Oh how the truth for the link you provided totally proves the OPs claim that the failed bidenomics was a plus for 401K plans was actually
a total failure. Thanks again Earl for proving just how much the dems lie with nearly if not of all of their posts.
Click to expand...

Indeed and it's a 2023 link from CBS.

The Foul Woman lies...often.
 
Add this to the harm that Biden is causing to hard working American families:

US inflation means families are spending $709 more per ...
CNN.com
https://www.cnn.com › 2023/08/11 › economy › inflatio...
Aug 11, 2023 — US inflation means families are spending $709 more per month than two years ago ... US inflation has had a snowballing effect on family budgets.


That's a CNN link from 2023/08/11. ...when they throw you under the bus, it's over.
 
ThatOwlWoman said:
I see that you hurt pEarl's feelz with the truth. From other sources, same good news:

The Number of 401(k) Millionaires Is Back on the Rise as Account Balances Surge

401(k) millionaires are on the rise after taking a hit last year. Boomers are leading the way

Of course, uneducated investors with annuities aren't faring so well but that's what happens when you are willfully ignorant, like pEarl.
Click to expand...

Thanks for the links, Ms. Owl. All MAGA morons like Gearl are wired to deceive because they can't deal with facts.
Methinks Gearl also believes Trump won the 2020 election. That speaks volumes about his credibility.
 
How much has stock market gained in 2023?

The Dow Jones Industrial Average added more than 7%, not 20%.
 
Add this to the harm that Biden is causing to hard working American families:

US inflation means families are spending $709 more per ...
CNN.com
https://www.cnn.com › 2023/08/11 › economy › inflatio...
Aug 11, 2023 — US inflation means families are spending $709 more per month than two years ago ... US inflation has had a snowballing effect on family budgets.


That's a CNN link from 2023/08/11. ...when they throw you under the bus, it's over.
 
Earl said:
How much has stock market gained in 2023?

The Dow Jones Industrial Average added more than 7%, not 20%.
Click to expand...

The DJIA only contains 30 socks and isn't a good benchmark of the overall market, you silly fool.
Now go back and use the S&P 500 which uses 500 stocks and figure out the gain, you stupid MAGA moron.

Too bad you MAGA morons have to keep manipulating the facts to create your 'alternative' facts.

BTW Gearl, tell us who won the 2020 election so we know the degree of MAGA moronism were dealing with here.
 
Joe Capitalist said:
The DJIA only contains 30 socks and isn't a good benchmark of the overall market, you silly fool.
Now go back and use the S&P 500 which uses 500 stocks and figure out the gain, you stupid MAGA moron.

Too bad you MAGA morons have to keep manipulating the facts to create your 'alternative' facts.

BTW Gearl, tell us who won the 2020 election so we know the degree of MAGA moronism were dealing with here.
Click to expand...

Take a hike, pendejo.

Add this to the harm that Biden is causing to hard working American families:

US inflation means families are spending $709 more per ...
CNN.com
https://www.cnn.com › 2023/08/11 › economy › inflatio...
Aug 11, 2023 — US inflation means families are spending $709 more per month than two years ago ... US inflation has had a snowballing effect on family budgets.


That's a CNN link from 2023/08/11. ...when they throw you under the bus, it's over.
 
Joe Capitalist said:
More folks can retire as millionaires thanks to Bidenomics.

https://finance.yahoo.com/news/more-americans-are-now-401k-millionaires-123138990.html

The number of people with $1 million or more saved in their 401(k) accounts leapt 10% from April to the end of June, according to Fidelity Investments. There was also a 13% pop in millionaires with IRA accounts held at the firm during that same timeframe.

And it isn’t just newly minted millionaires who have something to crow about. For the third straight quarter, Fidelity reported retirement account balances increased for all savers. That’s according to the company’s second quarter analysis of savings account balances for more than 45 million IRA, 401(k), and 403(b) retirement accounts.

Numerous factors played a role in the gains, including the ability to stick to saving for the long haul to ensure security in their golden years.

“Overall, the increase in balances [for all investors] was based on ongoing employer and employee contributions, along with positive market performance.” Michael Shamrell, vice president for workplace thought leadership for Fidelity, told Yahoo Finance.

“The increase we are seeing in 401(k) millionaires this quarter [also] shows the value of long-term investing.”
Click to expand...

So you are telling us that Joe Six Pack made donations to his 401K that drove him over a million dollars in just 2 short years. You do know that money is in stocks and bonds and a recession could wipe out that money in days.

Remember history in 1929 when the stock market crashed and all those ex-millionaires started jumping out windows.
 
Americans’ 401(k)s got slammed last year, Vanguard reveals—along with how much more money boomers have in the bank than everyone else
BYAlicia Adamczyk
July 19, 2023 at 10:54 AM EDT
2022 was a no-good, very bad year for retirement investments.


Between soaring inflation, rising interest rates, and declines in the bond and equity markets, many Americans’ finances took a beating in 2022. So much so that the average retirement account balance fell by 20% compared to 2021, according to a report from Vanguard. Still, many investors remained “resilient” through the uncertainty, the company contends.

That from, July, 2023 and from Fortune quoting a report from Vanguard. (for the far left idiots).

https://fortune.com/2023/07/19/how-much-did-americans-lose-retirement-savings-vanguard/


That's a 20% drop.
 
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Earl said:
Feb 23, 2023 — The average 401(k) account at Fidelity Investments lost about a fifth of its value in 2022, tumbling to $103,900 from $130,700, according to a ...

It’s a link from 2023, idiot.
Click to expand...

Just look at where the stock market was when trump left office and where it is today!!!!
 
Earl said:
Take a hike, pendejo.

Add this to the harm that Biden is causing to hard working American families:

US inflation means families are spending $709 more per ...
CNN.com
https://www.cnn.com › 2023/08/11 › economy › inflatio...
Aug 11, 2023 — US inflation means families are spending $709 more per month than two years ago ... US inflation has had a snowballing effect on family budgets.

That's a CNN link from 2023/08/11. ...when they throw you under the bus, it's over.
Click to expand...

Too embarrassed to admit you swallowed Trump's load for over two years, Gearl?
Why is that, Gearl? Why are you too much of a pussy to admit it?

We all know why, Gearl. Because you don't want to look like a fucking MAGA moron. Right Gearl?

Well, you're too fucking late, Gearl.

GorgeousMisguidedIrishsetter-small.gif
 
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