Tuesday, May 28, 2013
Retirement Balances Significantly Increase with Stock Market Advance
For some investors 55 and older–a group “most vulnerable during the last market downturn given their short timeframe to retirement,” according to Fidelity–the gains have been even better. On average, investors in this category who have at least 10 years’ service at their current employer saw their account balances rise 95%, from $130,700 in March 2009 to $255,000 at the end of this March. (The Standard & Poor’s 500-stock index roughly doubled over that same stretch.) Here is the full article.