How To Make Millions Using A 401k
How To Make Millions Using A 401k
Chris Palmeri (Senior Correspondent, BusinessWeek) gives expert video advice on: How can I make millions using a 401k?
How can I make millions using a 401k?
The 401k, is usually, there is a limit in how much you can put in a tax deferred basis. And there is a limit to how much your company is going to match. But you can also put more than that. Sometimes as much as 10/15 percent of your income in there. And do it because of the beauty of the 401k, is the money is being taken out of your hands and put in a special pile for you. And so, that regular automatic investing is a great way to build up a long term wealth. Because it is not going into your checking account where you see it and think “I have some money! Let's go spend it". You know, it is just growing quietly without you there. So put as much as you possibly can into that 401k.