Fewer Americans, including millionaires, feel confident about their overall financial wellbeing.
from a year ago to $97,200, according to the latest data from Fidelity Investments, the nation's largest provider of 401 plans.
"Maybe you have that $1 million but you've taken a 20% hit on it," Goodsell said. "On top of that, prices are higher." To get an accurate picture of where you stand, "there's no shortage of calculators online," said certified financial planner Douglas Boneparth, president of Bone Fide Wealth in New York. "Or meet with a financial advisor who can hopefully put you at ease or provide you with a plan to get you feeling better."
"You can remove the guesswork," said Boneparth, who is also a member of the CNBC Financial Advisors Council. There are more millionaires in the U.S. and globally than ever before, with nearly 24.5 million millionaires nationwide as of 2022, according to the latest