3 Tips for Turning Your 401(k) Into a Million-Dollar Nest Egg

If your goal is to accumulate a large amount of wealth in time for retirement, then a 401(k) plan could be your ticket to meeting that objective. The great thing about 401(k)s is that they come with generous contribution limits -- much higher than those offered by IRAs.

But if you're hoping to amass $1 million or more in your 401(k) plan, you'll need the right strategy. Here's how to set yourself up with the nest egg you're hoping for.

When it comes to growing a lot of wealth for retirement, time is really your most powerful weapon. And so it pays to start funding your 401(k) from a young age -- even if you're not able to max out.

Continue reading

Source Fool.com