Average 401(k) balance dropped in Q3: Fidelity
![fidelity](https://s32566.pcdn.co/wp-content/uploads/2021/11/401k-money-nest-951x634.jpg.optimal.jpg)
At the same time, the average IRA balance saw a slight uptick. A recent survey shows many people have low estimates of how much they will need to retire, and a paper explores the need to update the 4% rule.
401(k) accounts at Fidelity got smaller by an average of 2% during the third quarter, the company announced Thursday.
That decrease coincided with slightly lower equity market values at the end of the quarter, but there’s more to the story. The average value in an individual retirement account
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