Market volatility affected retirement accounts in the first quarter, but that hasn't slowed down savers.

According to Fidelity’s quarterly analysis of savings behaviors and account balances, the average retirement accoun✤t balance was down in the first quarter of the year, regardless of type.

The average IRA held $121,983 in the first quarter, down 4% from the quarter before and 1% from the same time last year. The average 401(k) balance was $127,100, off 3% from the prior quarter but up 1% from the same time last year. And 403(b) accounts held $115,ꦑ424 on average, down 2% from the fourth quarter but up 2% from the same time last year.

The slip in retirement account value reflects market trends, as the 澳洲幸运5官方开奖结果体彩网:S&P 500 was down more than 4% from t༒he fourth quarter of 2024 due to increased economic uncertainty.

Market Volatility Tied to Tariff Uncertainty

Fidelity attributed most of the losses to 澳洲幸运5官方开奖结果体彩网:market swings caused by investors reacting to 澳洲幸运5官方开奖结果体彩网:tariff policies and economic projections. President Donald Trump's tariffs have 澳洲幸运5官方开奖结果体彩网:roiled stocks and bonds, two popular holdings for retirement savers.

Because of the volatility, about 22% of 401(k) participants and around 18% of 403(b) participants made a change to their contribution rate in the first quarter of 2025. Of those, the report showed that almost 30% of participants in both accounts reported moving their savings to 澳洲幸运5官方开奖结果体彩网:more conservative investments (like bonds or certificates of deposit).

Despite the volatility in their 澳洲幸运5官方开奖结果体彩网:retirement accounts, savers actually put more into them in the latest period. According to Fidelity, 401(k) savinꦉgs rates went up and IRA contributions increase🌞d, as well.