How Anyone Can Easily Become A 401(K) Millionaire

While becoming a millionaire may seem impossible, the good news is anyone can become a 401(k) millionaire if given enough time. According to Fidelity, almost 500,000 401(k) millionaires are on its platform alone. That figure doesn’t include all 401(k) millionaires (those combining assets in retirement accounts). Keep reading as we share the reasonably easy steps to put yourself on the path to becoming a 401(k) millionaire.

1) Set Up Your 401(k) Account

It is often said that the most challenging part of anything is getting started. The first step to becoming a 401(k) millionaire is opening your 401(k) account. Don’t be scared; it is straightforward. To be blunt, if you never contribute to your 401(k), you will never achieve 401(k) millionaire status.