Is anyone NOT a 401k millionaire?

[Anonymous]

Anonymous wrote:https://www.morningstar.com/news/marketwatch/20241205305/millennials-are-finally-joining-the-401k-millionaires-club-heres-how-they-got-here

Srsly. DH and I are still in our late 20s and each of us has $1M+ in our 401ks. Is being a millionaire the new lower class?

BS. Troll. Your math doesn't add up.

[Anonymous]

No. Most of the country is not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.morningstar.com/news/marketwatch/20241205305/millennials-are-finally-joining-the-401k-millionaires-club-heres-how-they-got-here

Srsly. DH and I are still in our late 20s and each of us has $1M+ in our 401ks. Is being a millionaire the new lower class?

Unless you started making bank at eight-years-old and maxed out every year after that, I don't see how this is possible.

Yeah, I call bullshit too.

haha, we posted at the same time. DCUM is overrun by trolls. The math doesn't add up, and more people should have seen that right away.

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.morningstar.com/news/marketwatch/20241205305/millennials-are-finally-joining-the-401k-millionaires-club-heres-how-they-got-here

Srsly. DH and I are still in our late 20s and each of us has $1M+ in our 401ks. Is being a millionaire the new lower class?

So you are buying meme stocks in your 401K, lol?
Total 401k limit this year is 66K, hard to believe that you have been doing this since you got the first job and most employers do not kick in 40K for newly hired serfs either so my assumption is that you cannot do math and or like to troll.

Yep! A troll who can’t math. 😜🤪

[Anonymous]

Anonymous wrote:https://www.morningstar.com/news/marketwatch/20241205305/millennials-are-finally-joining-the-401k-millionaires-club-heres-how-they-got-here

Srsly. DH and I are still in our late 20s and each of us has $1M+ in our 401ks. Is being a millionaire the new lower class?

No you don’t.

I am sure the two of you make plenty of money, but the way that the law is set up it would just be impossible for you to contribute that much money to tax deferred 401(k)s in your 20s. You’re gonna have to explain how you did it or else I know you’re full of shit.

[Anonymous]

I got 130k in my 401k but that’s bc I’m only 30. Have 200k total in retirement assets. My calculations show I’ll have 1m by age 40

[Anonymous]

OP if you are going to troll, at least educate yourself on the topic first.

[Anonymous]

I am not a millionaire in any sense of the word or term. I am 48 and don't even have a quarter million dollars to my name. I will rent until the day I die and work until I die. Retirement is for rich people.

[Anonymous]

Go away troll. If you were truly wealthy then you’d not be bothered talking about a 401k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:https://www.morningstar.com/news/marketwatch/20241205305/millennials-are-finally-joining-the-401k-millionaires-club-heres-how-they-got-here

Srsly. DH and I are still in our late 20s and each of us has $1M+ in our 401ks. Is being a millionaire the new lower class?

Unless you started making bank at eight-years-old and maxed out every year after that, I don't see how this is possible.

Yeah, I call bullshit too.

+1

[Anonymous]

While I do think it's a troll, in THEORY, with above average growth and maxing the defined contributions limits entirely, he could get there, defintely in combined values as a couple.

The harder part is having a company that will throw in 40K + a year in profit sharing in addition to the employee max

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.morningstar.com/news/marketwatch/20241205305/millennials-are-finally-joining-the-401k-millionaires-club-heres-how-they-got-here

Srsly. DH and I are still in our late 20s and each of us has $1M+ in our 401ks. Is being a millionaire the new lower class?

Unless you started making bank at eight-years-old and maxed out every year after that, I don't see how this is possible.

Agree. Troll.

[Anonymous]

Anonymous wrote:While I do think it's a troll, in THEORY, with above average growth and maxing the defined contributions limits entirely, he could get there, defintely in combined values as a couple.

The harder part is having a company that will throw in 40K + a year in profit sharing in addition to the employee max

Learn to read, bro. He said they each had over $1 million separately. It’s absolutely impossible for two young folks in their 20s to pull that off. Don’t feed the troll.

[Anonymous]

I’m a bitcoin multi-millionaire. 401k, no.

[Anonymous]

Anonymous wrote:OP if you are going to troll, at least educate yourself on the topic first.

+1

But yes, I’m a 401k millionaire in my early 50s.