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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]There really needs to be cap on assets in a 401k. After 750k the tax breaks need to go away and totally stop by a million. There is no reason why the general population needs to subsidize someone with that amount of wealth. [/quote] Why stop at $750K? Most people think you need closer to $1.25mil to retire comfortably, and that's an average, so it includes lcol areas. https://www.cnbc.com/2025/04/21/magic-number-to-retire-comfortably-is-1point26-million-in-2025-report.html[/quote]
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