Reply to why do so few people have two million dollar 401ks/IRAs?

Forum Index » Money and Finances

Reply to "why do so few people have two million dollar 401ks/IRAs?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

Yes, definitely this is part of it in my case -- I have more than $1 million in retirement accounts, but in multiple accounts.[/quote]

No. It is because 1M is a ridiculous amount of money and 2M is 10 times as ridiculous. It does not matter how people spread out their retirement savings, very few people are going to achieve a net worth of 2M never mind 2M in retirement savings.[/quote]

+1. Like the OP of the "debt" thread, this OP seems to know only people making $300k plus and doesn't seem to understand there is a whole 'nother world out there. [/quote]

Exactly.  Op Is asking the question of a certain demographic represented here on DCUM (not the rest of the world ) keep up please! [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics