Mar 31
6 Ways to Help Clients Retiring With $1M or Less: Advisor’s Advice By John Manganaro - ThinkAdvisor
Recent research published by Fidelity Investments shows the rocky markets of 2022 and early 2023 have led to a reduction in average individual retirement account and workplace retirement plan balances.
The Fidelity data shows average retirement account balances decreased for the third consecutive quarter during Q3 2022, with the average IRA balance settling at $101,900. This marks a 24.9% decrease from Q3 2021, an 8% decrease from the prior quarter.
