If you were asked whether you have enough money to retire, what would you say?
Did you know that 50% of American households age fifty-five years old and older have no retirement savings?
Or that 50% of Americans have less than $150,000 in retirement savings, which amounts to $300 of interest income a month?
Becoming a 401(k) Millionaire answers the big questions when it comes to retirement planning, no matter what stage of life you are in. In a few hours, you'll learn what steps to take with your company's retirement plan and discover the potential of where your retirement can take you.
You'll read through stories of everyday people in situations like yours, gaining wisdom from them on how to move the needle toward retirement success. For visual learners, we've included a fine selection of our favorite charts for you to share with your friends and family.
In this book, we'll walk you through:
The ins and outs of what a 401(k) entails: Understanding your employer's setup, target retirement funds, and stocks versus bonds.
Retirement vocabulary 101: 401(k), IRA, Roth, matching, vesting, automatic enrollment, loans, and automatic increases.
Positioning your accounts for retirement and income: How much to save, how long to save, where to save, when to check in, investing mistakes, and Social Security's impact.
The emotional side of investing: How to deal with market timing, financial hype such as cryptocurrency, and managing your own emotions