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401(k) 'Millionaires' Surge in 2023
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Over 420,000 Americans see 401(k) balances exceeding $1 million, with total U.S. retirement assets hitting $35.7 trillion. The report also notes a rise in 401(k) contributions and accounts in Q4 of 2023. Meanwhile, the best annuity companies for 2024 focus on providing stable income streams for retirement planning.
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How might the trend of rising 401(k) balances impact Americans' post-retirement lifestyles?
In what ways could the growth in the retirement sector influence investment strategies and market dynamics?
What factors should individuals consider when choosing between fixed annuities offered by different companies?
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