Want to Be a 401(k) Millionaire? 4 Tips All Future Retirees Should Know

Given that the average 401(k) balance for the 65-and-over crowd is in the ballpark of $270,000 (according to Vanguard), it's safe to conclude there aren't many 401(k) accounts worth $1 million or more. Indeed, the average is weighed down by a whole bunch of people with much smaller retirement accounts.There are certainly some seven-figure 401(k) accounts, however -- and some of them are owned by folks who were ordinary wage earners. Retirement plan administrator and fund company Fidelity reports that about 2% of the 23 million participants in its workplace retirement plans have million-dollar-plus balances.So what did the few do that the many didn't? Here are four things the typical 401(k) millionaire knew -- or knew to do -- when building their nest egg.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool