If you’re investing in a 401k, there may be some good news for you. Fidelity Investments is reporting the average value of 401ks jumped 12% last year to a record high. But to some investors it’s not all good. The average 401k is worth just over $77,300, which is not enough to retire on for most people. So what will it take to get hard working Americans to save money to live on later in life? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investments, joins Fox News to discuss the biggest mistakes people are making and how to keep your 401k healthy.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: 401k, ed butowsky, fidelity investments, financial advisor, fox news, investment, investors, retirement, save money, wealth manager