7 Secrets 401(k) Millionaires Can Teach You

In one year, the population of 401(k) millionaires has tripled, Fidelity says. Here are some key things you can learn from these newly minted rich folks.

Woman with moneyVIACHESLAV KRYLOV / Shutterstock.com

A sudden surge of wealth has lifted many Americans into the category of millionaire status.

Fidelity Investments says that as of the end of the second quarter of this year, 168,000 people enrolled in Fidelity workplace savings accounts had $1 million or more in their 401(k)s.

That is up from a total of 49,000 at the end of the second quarter of 2017 — a more than three-fold jump, Fidelity says.

What are these folks doing right that has allowed them to amass such wealth? Here are seven characteristics they share. Use these lessons as a model for your own wealth-building efforts.

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