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.
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 Investments
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