Your 401(k) may be at a record high. Think twice before making this money move
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Even as they feel the squeeze from inflation, workers are saving more than ever. The average retirement account balance just hit a record high, according to a new report from Fidelity. The average IRA now sits at $144,523 and the average 401(k) holds $155,800 – both totals up 10% from the first quarter of the year. The peak in retirement savings tracks with…