If you’re striving to save for retirement take some cues from the 401(k) millionaires over at Fidelity Investments.
According to recent Fidelity data, 72,379 of its 13 million 401(k) accounts now have balances of over $1 million.
That’s more than twice as many as in 2012.
And while the average annual compensation for these individuals was $359,000, between 1,000 and 1,200 of them made under $150,000.
How’d they save $1 million or more?
These individuals average 60 years old and had been with the same company for somewhere around 30 years. So stability at work is key.
But it’s not just one thing that these individuals did. It’s a lot of different things.
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