{"id":7288,"date":"2024-03-21T07:59:06","date_gmt":"2024-03-21T11:59:06","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=7288"},"modified":"2024-03-21T07:59:06","modified_gmt":"2024-03-21T11:59:06","slug":"2023-account-balances-were-up","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=7288","title":{"rendered":"2023 Account Balances were up"},"content":{"rendered":"<p>Bank of America\u2019s research found that 401(k) account balances rose 15% to an average of $86,280 in 2023 because of higher contributions and a strong stock market.<\/p>\n<p>Bank of America\u2019s Retirement and Personal Wealth Solutions conducted their research information on over 4 million participants.<\/p>\n<p>Almost 18% of 401(k) plan participants increased their deferrals in the fourth quarter of 2023, up from slightly more than 9% in the third quarter.<\/p>\n<p>Fewer participants borrowed from their 401(k) plan in the 4th quarter, with 2.3% taking loans, as opposed to 2.5% in the 3rd quarter.<\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Bank of America\u2019s research found that 401(k) account balances rose 15% to an average of $86,280 in 2023 because of higher contributions and a strong stock market. Bank of America\u2019s Retirement and Personal Wealth Solutions conducted their research information on &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=7288\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/7288"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7288"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/7288\/revisions"}],"predecessor-version":[{"id":7289,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/7288\/revisions\/7289"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}