The Six Habits of 401(k) Millionaires

Want to build a million-dollar balance in your 401(k)? It all starts with the power of compound interest—why starting early and getting the full employer match is crucial. Learn to put contribution increases on autopilot, save aggressively (the millionaires' average is over 17% of pay) , and why maintaining a separate emergency fund prevents costly 401(k) loans and penalties. We also cover how to take advantage of new, higher "catch-up" contribution limits for those over age 50 , and why staying the course and ignoring short-term market swings is the key to long-term success.

References: https://www.aarp.org/money/retirement/401k-millionaire-saving-tips/

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