4.4 • 823 Ratings
🗓️ 2 March 2021
⏱️ 34 minutes
🧾️ Download transcript
If BlackRock CEO Larry Fink and The Motley Fool CIO Andy Cross agree that climate change is the most important trend to watch in investing, then it must be worth talking about. Motley Fool Analysts Alyce Lomax and John Rotonti share their advice for investors.
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0:00.0 | This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by Robert Brokamp, |
0:08.6 | personal finance expert here at The Motley Fool. Hey, bro. Hello, Allison. In this week's episode, |
0:14.3 | we're joined by Motley Fool analysts Alice Lomax and John Rotonte. They're here to help us understand |
0:18.6 | how businesses are contending with climate change |
0:20.9 | and what that means for investors. All that and more on this week's episode of Motleyful Answers. |
0:27.3 | So, bro, what's up? Well, Allison, I got a couple of things for you. No, I want three. Three things. |
0:32.8 | You're only getting two. Only two, but a lot of numbers. So I was trying to spread it out. |
0:38.9 | I know what you're doing. |
0:40.2 | Nothing like numbers on a podcast. |
0:42.5 | All right, number one, retirement accounts on the rise. |
0:46.3 | So we humans are social creatures. |
0:48.2 | And part of being a social creature is that we compare ourselves to everyone else |
0:51.3 | and kind of hope that we're better than all the other creatures. |
0:53.8 | And we see this at the Motley Fool because anytime we publish an article about things like the |
0:58.4 | average 401K balance, man, it is sure to get a lot of clicks. |
1:02.1 | Very popular. |
1:03.0 | Yes. |
1:03.4 | Well, we're not above doing such things here on answers. |
1:05.4 | So let's dig into the latest numbers from Fidelity, which recently published account balance |
1:10.1 | information as of the |
1:11.3 | end of last year. And those balances are at all time highs. So, according to all the accounts at |
1:17.4 | Fidelity, the average IRA balance as of the end of 2020 was $128,000. Average 401k balance, |
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