Quarterly 401(k) and IRA data that tracks how high earners save.
September 9, 2026 at 4:46 PM PDT
Fidelity's record count of 769,000 401(k) millionaires puts a spotlight on pretax balances that required distributions will force out at 73 or 75, often alongside taxed Social Security and higher Medicare premiums.
Fidelity's second-quarter data shows seven-figure 401(k) accounts jumped from 645,000 to 769,000 as stocks rallied, leaving more savers with large pretax balances that will eventually be taxed.
The nation's largest donor-advised fund sponsor reports grants up 23% and crypto gifts down sharply, as affluent donors increasingly use DAFs to convert appreciated assets into charitable deductions.
Fidelity's year-end account data shows average retirement balances rising by double digits, a milestone that also foreshadows larger required withdrawals — and tax bills — down the road.
Fidelity's year-end guidance walks through the tax moves that still matter for 2026, from Roth conversions and the new $6,000 senior deduction to RMD deadlines and charitable-giving limits.
Average 401(k) balances climbed to $137,800 in the second quarter, and the growing club of seven-figure accounts faces a larger question about taxes on the way out.