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Steady saving by many Americans and a third consecutive year of big gains for U.S. stocks have swollen account balances. As 2025 comes to a close, many individual investors are finding holiday cheer in statements showing they have crossed the $1m milestone.
“It’s a very sweet place to be,” said John Ward, an 82-year-old retiree in Rye, N.Y., of his rising retirement balance. Around 86% of those with seven-figure balances are 50 years of age or older, typically baby boomers or Gen Xers, according to Fidelity.
https://www.wsj.com/personal-finance/retirement/401k-millionaires-382f5c33?mod=wknd_pos1
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