How To Become a 401k Millionaire

by Retirement Advisor | Sep 24, 2022 | 401k | 8 comments

Do you have what it takes to become a 401(k) millionaire? Follow these 8 steps and see if you do!

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results….(read more)

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8 Comments

zdiver1 on September 24, 2022 at 11:30 pm
When I take a $3,000. distribution after taxes I get $2,340.
zdiver1 on September 24, 2022 at 11:30 pm
I started my 401k in 1985 and hit a million in 2020. I retired in 2016 and stopped contributions then.
Bryan White on September 24, 2022 at 11:30 pm
I’m 55. All of my 401k is traditional pretax. Would you change over and stop doing pretax and start making new contributions as Roth?
Gary xyz on September 24, 2022 at 11:30 pm
That was my goal at 23yo when I started my 401k. Second goal looking to retire early by Rule of 55. Then COVID hit and the market volatility. I lost my job at 53 only to pick up PT work with benefits. Not sure I will make any of my goals but had a good shot and glad I did.
Taylor Rooks on September 24, 2022 at 11:30 pm
The market is driven by; Narratives and emotions in the short run, Fundamentals and truth in the long run. Use this to your advantage.
Curtis South on September 24, 2022 at 11:30 pm
Hey wise money show, every single one of the comments on this video are spam. You should probably get a handle on that. People watching your content may be getting ripped off.
Samantha Henry on September 24, 2022 at 11:30 pm
My greatest happiness is the $ 28,000 weekly profit I get consistently
P.L.A. NYC on September 24, 2022 at 11:30 pm
Great content