The Average 401(k) Lost 20% of Its Value Last Year

2023-03-08T15:22:31+00:00March 8th, 2023|Categories: UA 2023 Blog|

Retirement accounts took a dive in 2022 as tech stocks plunged, according to research from Fidelity. The average 401(k) account at Fidelity Investments lost about a fifth of its value in 2022, tumbling to $103,900 from $130,700, according to a report Thursday from the asset manager. After a year when the S&P 500 plunged 19% and [...]