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Most employers offering 401(k) plans offer a match, so double-check to ensure you get the most easy money possible. A father and daughter put coins into a piggy bank. Image source: Getty Images.
This tells us that the average 401(k) millionaire has likely been funding their account for a considerably longer period of time. Among millennials, the average 401(k) balance now sits at $66,500.
Here are eight ways you can become a 401(k) millionaire: Start saving as soon as possible. Take advantage of matching employer contributions. Focus on increasing your earnings.
According to a recent report by Fidelity, the number of 401(k)-plan millionaires eclipsed 544,000 out of just 24 million plan participants. This is an increase of 9.5% from the previous quarter,...
Investing in a 401(k) allows me to live life and smell the flowers while setting myself up to hopefully retire as a millionaire. The 401(k) has slowly replaced the pension as the average worker's ...
The chief difference between a Roth 401(k) and a traditional 401(k) account is simple enough. That is, contributions made to traditional 401(k) accounts are tax deductible for the year in which ...
A 401(k) account is a tax-advantaged retirement saving tool offered by many employers these days. ... That's pretty good, and you can still become a millionaire with just an IRA. But a 401(k ...
There are more 401(k) millionaires in the U.S. than ever before. Fidelity Investments performs a quarterly analysis of retirement savings. Its most recent report revealed a record-high 497,000 ...
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