Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

August 7, 2023 Edition
Thumbnail

2023 Mainebiz Women to Watch Honorees

Each year since 2009, Mainebiz has honored a group of women who have demonstrated leadership in wide-ranging sectors of business, health care and the nonprofit world. To date, the Mainebiz Women to Watch program has honored nearly 75 leaders. This year, we honor the leaders of a Rockland theater, a Waterville startup, a Portland affordable housing organization, a biosciences trade group and a timber sports group. 

Today's Poll

How confident are you that your long-term savings or financial plans are where you need them to be at this point?
Poll Description

Sponsored by: GoNetspeed, a fiber internet provider

Despite economic uncertainty and sharp swings in the stock market, Americans' retirement accounts grew in size during the second quarter of 2023, Fidelity Investments recently reported. The quarter was the third consecutive period to show an increase in account balances.

The average IRA balance grew to $113,800, up 5% from the previous quarter and a 41% increase from 10 years ago, according to nationwide data compiled by Fidelity.

The average 401(k) balance jumped to $112,400, a 4% increase from the previous quarter and a 39% increase from 10 years ago. 

At the same time, the average 403(b) balance increased to $102,400, 5% more than the amount in the previous quarter and a whopping 65% spike from 10 years ago.

More Information