I'm still putting in $3,500 of money every month.

But if I started at 25, I'm still just doing 600.

Because I got ahead of the game.

I got more money working for you.

Park your money in the S&P 500 index fund until something better comes along.

And with just that simple mindset, you've unlocked the universe and your mind to see things,

to see opportunities that might come up.

Two million is not the same as it is going to be in 10 years.

So you still need that account to be growing a little bit to battle inflation.

Welcome, everybody, to another episode of the Main Street Business Podcast.

My name is Mark Kohler, and I'm here with the highly intelligent Matt Sorenson,

and we are going to share with you the exact amount you need to have in your 401k or IRA to have a great retirement.

Now we're both tax attorneys, bestselling authors, investors, ourselves, business owners, and we're in

the trenches every day with our teams and we know exactly what you need to have to have that perfect retirement.

Now IRAs and 401Ks are amazing vehicles to save for long term wealth. There's a reason. People live on their IRA in 401ks in retirement. We won't make sure you're one of them.

There's tax benefits when you put the money in. You don't pay taxes when you're growing and building that account over 10, 20, 30 years. Maybe you have a company 401k where you work. The company puts free money in and matches that and you could be doing that for decades to grow and build your wealth. Now, I know some of you are like, Matt and Mark, I'm behind though. I'm discouraged. Guys, we've got strategies. That's the purpose of today's podcast. We want to

let you know where you need to be. And if you're behind, how do I catch up? We're going to go over that in today's podcast. Now, the steps of this, and we're going to get right into it, is it's really a four step or a circle, a wheel, whatever you want to say, four things that need to be happening. Number one, we've got to be contributing and saving. We're going to talk about that.

And then let's structure. of things that need to be happening. Number one, we've got to be contributing and saving. We're

going to talk about that. And then what structure do you have or want to have or should have?

Maybe it is a 401k at work. Maybe it's a solo 401k in your small business or the incredible power

of the Roth structure, which could be a Roth 401, or IRA. And then we need to talk about

what's the basic investment all of you should be undertaking? We're going to turn to the amazing

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