Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Retirement Planning > Saving for Retirement

Retirement saving increases

Your article was successfully shared with the contacts you provided.

A study by Fidelity Investments found that despite economic pressures, Americans are saving more for retirement in 2008. The average pre-tax contribution to 401(k) accounts grew by 7 percent in the first half of the year, and investors who continued to make contributions through the year only had their accounts reduced by 1 percent, compared with the average 7.5 percent decline.

Hardship withdrawals increased slightly from 0.56 percent to 0.6 percent.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.