Anonymous
Post 12/05/2024 20:47     Subject: Is anyone NOT a 401k millionaire?
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.
Anonymous
Post 12/05/2024 20:40     Subject: Re:Is anyone NOT a 401k millionaire?
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
Anonymous
Post 12/05/2024 20:37     Subject: Is anyone NOT a 401k millionaire?
46 and not even close to $1m.
Anonymous
Post 12/05/2024 20:33     Subject: Is anyone NOT a 401k millionaire?
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?


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



+1
Idiots
Anonymous
Post 12/05/2024 20:32     Subject: Re:Is anyone NOT a 401k millionaire?
You can only put so much in your 401k each year. Unless you started working and contributing to that 401k when you were 16 - I don't believe you
Anonymous
Post 12/05/2024 20:30     Subject: Re:Is anyone NOT a 401k millionaire?
Nice humble brag you spoiled little thing.
Anonymous
Post 12/05/2024 20:15     Subject: Is anyone NOT a 401k millionaire?
OP hopefully isn’t as obnoxious in real life as they are on here.

Anonymous
Post 12/05/2024 20:02     Subject: Is anyone NOT a 401k millionaire?
Me either!
Anonymous
Post 12/05/2024 17:39     Subject: Is anyone NOT a 401k millionaire?
Good lord, no. I don’t have that much but I started mine later.
Anonymous
Post 12/05/2024 17:32     Subject: Is anyone NOT a 401k millionaire?
Anonymous wrote:
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.


It’s possible but very unlikely. If you max out mega backdoor since age 21 and benefitted from the last decade of S&P 500 returns it would get you more or less to 1M.
Anonymous
Post 12/05/2024 17:30     Subject: Is anyone NOT a 401k millionaire?
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.
Anonymous
Post 12/05/2024 17:25     Subject: Is anyone NOT a 401k millionaire?
I’m a bitcoin multi-millionaire. 401k, no.
Anonymous
Post 12/05/2024 17:24     Subject: Is anyone NOT a 401k millionaire?
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
Post 12/05/2024 17:23     Subject: Is anyone NOT a 401k millionaire?
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
Post 12/05/2024 14:04     Subject: Is anyone NOT a 401k millionaire?
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