Average 401(k), IRA balances hit record highs — but more workers are raiding their accounts, Fidelity says

Retirement account balances reached record highs in the second quarter as market gains increased average 401(k) and IRA holdings, according to Fidelity. Fidelity reported that the number of account holders withdrawing funds from their retirement accounts increased during the same period. The firm did not specify the total dollar amount withdrawn or the percentage increase in withdrawal activity.

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