Fidelity: The number of 401(k)[retirement plan] millionaires hits an all-time high

[Hamartia Antidote]

https://www.cnbc.com/amp/2019/08/21/the-number-of-401k-millionaires-hits-an-all-time-high.html

The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 196,000 in the second quarter of 2019.

In addition, the number of individual retirement account millionaires increased to 179,700, also an all-time high.

375700 people = $375Billion+

 

[VCheng]

The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 196,000 in the second quarter of 2019.

And that's just for Fidelity.

 

[nahtanbob]

https://www.cnbc.com/amp/2019/08/21/the-number-of-401k-millionaires-hits-an-all-time-high.html

The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 196,000 in the second quarter of 2019.

In addition, the number of individual retirement account millionaires increased to 179,700, also an all-time high.

375700 people = $375Billion+

You are assuming there is no overlap between 401k and IRA account holders