February 14, 2013
THE SAVINGEST PEOPLE ON EARTH:
401(k) balances at record high (Melanie Hicken, February 14, 201, CNNMoney)
Posted by Orrin Judd at February 14, 2013 2:57 PM401(k) balances reached record highs in 2012, as a strong stock market and increased contributions helped retirement savers continue to recover from recession losses. [...]"It is very encouraging to see that the retirement balances have completely bounced back from where they were during the height of the downturn and that participants have continued to have faith in the 401(k)," said Jeanne Thompson, Fidelity's vice president for retirement insights.