MONEYWATCH
Feel relieved that retirement savings are up?
August 17, 2012
August 17, 2012
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(MoneyWatch) You might have heard some sound bites lately that report good news about retirement savings:
-- Fidelity recently revealed that average contributions to IRAs have increased by 15 percent since 2007, from $3,420 to $3,930.
-- A recent bulletin from the Social Security administration shows that retirement savings have been understated in previous analyses on retirement resources, due to underreporting of savings in IRAs and employer-sponsored plans such as 401(k)s.
-- Another recent report from Fidelity on combined 401(k) and IRA retirement savings shows that for investors on the verge of retirement -- those between ages 65 and 69
-- Fidelity recently revealed that average contributions to IRAs have increased by 15 percent since 2007, from $3,420 to $3,930.
-- A recent bulletin from the Social Security administration shows that retirement savings have been understated in previous analyses on retirement resources, due to underreporting of savings in IRAs and employer-sponsored plans such as 401(k)s.
-- Another recent report from Fidelity on combined 401(k) and IRA retirement savings shows that for investors on the verge of retirement -- those between ages 65 and 69
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