3 Secrets of 401(k) Millionaires
Although it's not unheard of for a 401(k) account balance to reach the seven-figure mark, it is rather rare.
Mutual fund company Vanguard Group reports that the average workplace-retirement account for clients aged 65 or older is only $272,588, while the median (or midpoint) balance for these folks is a much smaller $88,488. Obviously, a very small number of very big 401(k) accounts is skewing the mathematical average higher!
These numbers beg an important question: What the heck did these people do so differently than almost everyone else to achieve what so few people do? The answer to the question is three-part, although none of the three parts is complicated. You could readily do the same for yourself.
Source Fool.com
