Go back to previous topic
Forum nameGeneral Discussion
Topic subjectWhy aren't 401k millionaires wealthy?
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13400636&mesg_id=13400758
13400758, Why aren't 401k millionaires wealthy?
Posted by Mori, Mon Aug-24-20 02:47 PM
I maxed out my roth at $6000/year
I matched my work 401k? The thousands are incremental.

You don't need a lot of money to build wealth.

I am curious, why aren't 401k's millionaires wealthy? My ex boyfriend (non black) got a payout from his grandfather's 401k when he died. My ex bf was like 10th down the line to get paid and still got 10k. That is how much his grandad's 401k had amassed!

That is definitely wealth.