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Reply to "why do so few people have two million dollar 401ks/IRAs?"
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[quote=Anonymous][quote=Anonymous]I wonder if it's because many of us have had more than one job, so our retirement accounts are spread out across multiple accounts. I have a current 401k with my employer's facilitator, an IRA with Vanguard that was created by rolling over 401ks from previous employers, and a Roth IRA with Vanguard that I opened when I was younger and below the limit. Looking at them individually, none of them is particularly high, but in the aggregate, it's a nice number. [/quote] For me its this. I have $1.1M in 401k and $800k in IRAs (traditional and roth). I probably just showed up in the Fidelity stat for Americans who have crossed $1M in 401k but I'm 52 and $2M is a 5% market jump away. ($ is in State Street S&P 500 mostly)[/quote]
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