There are more retirement millionaires than ever before. In the third quarter of 2020, approximately 262,000 people had at least $1 million in their 401(k), according to research from Fidelity Investments, a record high.
Reaching $1 million in retirement savings may sound like a goal that's only achievable for those who are already wealthy. However, it is possible to retire a millionaire on a modest salary – as long as you start saving early enough.
Read Full Article »