Retirement Data: Fidelity Plan Balances Q2 2020

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Source: Fidelity

From Fidelity's press release posted August 11, 2020:

• The average IRA balance was $111,500, a 13% increase from last quarter and slightly higher than the average balance of $110,400 a year ago. The average 401(k) balance increased to $104,400 in Q2, a 14% increase from Q1 but down 2% from a year ago. The average 403(b) account balance increased to $91,100, an increase of 17% from last quarter and up 3% from a year ago.

August Market Update - Is This the Point of Maximum Complacency?

The S&P 500 gained 5.51% in July ending at 3,271.12. YTD through July 31, the S&P 500 is up 1.25%. At the end of July, U.S. market returns remain concentrated in large U.S. growth companies while many smaller U.S. companies struggle. Primary factors impacting returns in July include: 1) falling U.S. dollar and 2) a rally in the FAAMG (Facebook, Apple, Amazon, Microsoft and Google) stocks. I'll share more about market and economic perspectives after we examine price, sentiment, and valuation at the beginning of August 2020.