I Want to Be a 401(k) Millionaire by Retirement. Here's How I'm Planning to Get There

Today's working class must take their retirement planning into their own hands. Pension plans run by employers have slowly disappeared. They've largely been replaced by 401(k) savings plans, which are still a fantastic vehicle for building wealth if you know the tips and tricks to get the most out of it.According to Fidelity, one of the country's largest 401(k) plan providers, nearly a half-million people have account balances of $1 million or more. The same data indicates that the average person's 401(k) balance is only $127,000.So, what is the difference between being average and retiring wealthy? I'm on my 401(k) journey, and I'll tell you precisely how I plan to hit that magic seven-figure milestone before retiring.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool