3 Secrets of 401(k) Millionaires

Retiring with at least $1 million is a goal for many. Sadly, most people don't achieve it, at least not via retirement accounts. Only about 3.2% of American households had at least $1 million saved in retirement accounts, according to an analysis by the Employee Benefit Research Institute of Federal Reserve consumer data from the end of 2019.

It's not inside information or special savings accounts that separate those with $1 million saved for retirement from the average person trying to build a nest egg. There are a few simple secrets that allowed them to far exceed the average person's retirement account balance. Here are three secrets of 401(k) millionaires

Image source: Getty Images.

Continue reading


Source Fool.com