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The idea of becoming a 401(k) millionaire may seem unrealistic to some. ... At least max out your company's match. That $3,000 figure is an arbitrary one, of course. ... plans compared to $2,350 ...
Putting off your 401(k) contributions to conserve cash sounds logical. Don't fall into that trap. Suppose you graduate college and start your first job at 23, making a $30,000 salary.
In many cases, the most they'll match is 6% of your salary; mutual fund company Fidelity reports that last year's average employer contribution on behalf of workers was 4.5%.
Taking advantage of these 401(k) millionaire tips could significantly rev up ... Snag your 401(k) match from your employer ... let's say your employer matches 50% of your contributions up to 6% of ...
Personally, I think the 401k should be a top priority over other investment accounts if there's a match to be had. Indeed, some employers offer some really generous matches (think more than 100% ...
Many employers offer a 401(k) match, which is essentially free money added to your retirement savings. For instance, if your employer matches 50% of your contributions up to 6% of your salary and ...
Obtaining 401(k) millionaire status requires steady action over the years, but it's more doable than you might think. ... (5% of your salary). The match would be another $5,000, giving you a total ...
One retirement rule of thumb suggests you’re wise to save at least 10% of your pre-tax salary in a 401(k). With an employer match and a slightly larger employee contribution, 10% can easily ...