Want to Be a 401(k) Millionaire? 4 Tips All Retirees Should Know.
For the record, most people don't have a million-dollar 401(k) account. There's usually just not enough income or enough time to grow a work-sponsored retirement plan into a seven-figure stash. Even for people at or over the age of 65, mutual fund company Vanguard reported that their clients' average 401(k) balance in 2022 stood at just a tad over $230,000.
For a handful of lucky investors though, a 401(k) worth a million bucks (or more) isn't a mere myth. They've done it. Time did most of the heavy lifting, mind you, but it is possible.
Here's a rundown of four smart things these folks might have done that you can easily do for yourself with your workplace-offered retirement savings plan.
Source Fool.com
