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Reply to "Is anyone NOT a 401k millionaire?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Lol I’m 35 and have been maxing out my 401k since I was 23/24, with an 8% employer match. I’m not a 401k millionaire and without a very aggressive portfolio don’t understand how anyone younger than I am could be [/quote] It’s called active trading. Only dimwits dollar cost average into the market. [/quote] 401ks don't offer active trading. Sure, some IRAs do, but Roth is not a 401k. I was a *multi-millionaire* before 25, but had maybe 30k in a 401k at that point because there was no point. No employer offered matching until I was 40. At almost 50 I have $550k in a 401k after a decade with a 9% match. I've maxed out for the last 7 years and will be doing catch-up contributions starting next month. anyway, yes, millionaires are a dime a dozen, and so OP will be stuck grinding away in Elon's bit mines until they are old and desiccated. I don't make the rules, sorry.[/quote]
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