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Forum nameGeneral Discussion
Topic subjectBecause the 401k is for spending
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13400636&mesg_id=13400813
13400813, Because the 401k is for spending
Posted by PimpTrickGangstaClik, Mon Aug-24-20 06:09 PM
If you got a million in your 401k, all you've done is ensured that you can withdraw about 45k a year for 20 years after you retire. That is not wealthy living.

Wealthy (to me at least) is having more than you plan to ever spend.