Despite the economic uncertainty caused by the pandemic—or possibly because of it—US retirement account balances rose to record levels during the fourth quarter of 2020, as reported by Fidelity Investments. The firm said individual contributions to individual retirement accounts (IRA), as well as 401(k) and 403(b) retirement accounts remained strong during the last three months of the year.
March 3, 2020
More Articles
A Third of the U.S. Economy is Already in a Recession or at High Risk, and Another Third is Stagnating, Zandi Warns
Moody’s Analytics economist Mark Zandi continues to sound alarm on risk of downturn warning nearly 1/3 of US GDP is already in a recession or at risk.
Why the ‘Sell America’ Trade Has Fizzled Out
For advisors assessing global capital flows, the so-called “Sell America” trade appears to have been more a short-lived spasm than a sustained shift.