This is the age when most people become millionaires

This is the age when most people become millionairesThe typical “401(k) millionaire” reaches the milestone after age 50, according to a Fidelity Investments report cited by the New York Times. In fact, a Fidelity Investments report cited by the New York Times found that the typical “401(k) millionaire” was an American with a six-figure income — $287,700 for women and $354,600 for men. Fidelity says there are 133,000 401(k) millionaires on its platform, which oversees retirement accounts for more than 15 million Americans.

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