ENCORE: 7 Ways to Get $1 Million in Your Retirement Account
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 10 December 2018
⏱️ 16 minutes
🧾️ Download transcript
Summary
Learn how to maximize your investments so your 401(k) or retirement plan will accumulate $1 million.
About 150,000 people have a 401(k) of $1 million or more in 2017 and 152,000 IRA's have $1 million or more.
Here are the steps to take:
1. Start as soon as possible.
2. Invest the maximum or at least get the match.
401(k) & 403 (b) = $18,500
Roth IRA benefits phase out (you can't contribute) if you earn too much money.
IRA $5,500
3. If you're over age 50, add the catch up provision.
401(k) $18,500 + 6,000 = $24,500
IRA $5,500 + $1,000
4. Invest in stocks.
10% average annual return.
$3,000 per year for 35 years @10% = $978k
$8,000 per year for 25 years @ 10% = $952,000
$24,000 per year for 15 years @ 10% = $939,000
5. Don't use target funds.
6. Get comfortable with risk.
7. Stay the course.
PLEASE NOTE: There are new contribution limits for 2019. Contribution limits have been increased $500. Details in podcast #479.
WEALTH HEIRESS TV
Please subscribe to my *new* Wealth Heiress TV YouTube channel (it's not just for women, it's for men too!), here.
THE HOLIDAY SIZZLE CONTEST IS ON NOW!
You have a great chance to win 25 prizes! It's easy to enter. Just leave a podcast or book review.
A podcast review = your name entered in the drawing 2 times.
A book purchased elsewhere and reviewed on Amazon = your name entered into the drawing 3 times.
A book review on Amazon purchased on Amazon (says "verified purchase" review), your name entered 5 times.
A podcast + book review (either "verified purchase" or not) = your name entered in the drawing 10 times.
Prizes are:
11 Wealthy Mindset Blueprint audios (value $197 ea.)
11 Wealth Heiress books, personalized by Linda.
3 winners will have a 1/2 hour wealth mentoring session with Linda (value $500).
Drawing will occur January 1, 2019 and will be announced on the podcast.
Leave a review on Amazon here.
Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!"
Available on Amazon.
International buyers (if you live outside of the US) get my book here.
WANT MORE FROM LINDA?
Check out her programs.
Join her on Instagram.
Listen to the full library of podcasts from the beginning.
Please subscribe, rate and review the show. I really appreciate it!
Sponsor: Audible - Get your first audiobook for FREE today. Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve. Visit Audible and get your first audiobook free!
Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn how to build wealth, make money, and have financial freedom. Introduction to principles of wealth building you won't hear about from your financial advisor. Learn how to get rich, the 6 Steps to Wealth, the Twin Pillars of Wealth Building™: Invest Like Billionaires™ and Create Your Luxury Brand™ Business.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Be wealthy and smart, episode 494. |
| 0:02.6 | I'm gonna live no rich life. |
| 0:06.6 | Rich life. |
| 0:07.4 | All the best life. |
| 0:10.0 | If y'all know what I mean, put your hands up and declare with me |
| 0:13.4 | Yeah, I'm full of bed-e-e-e-e-e-e-e-e I'm gonna live the good life |
| 0:20.8 | A beautiful and glorious life Good Life. |
| 0:25.0 | Step into a world of wealth and financial freedom without budgets, boredom or bosses, on be wealthy and smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor. |
| 0:40.8 | Empowering women and men worldwide to financial freedom. |
| 0:44.3 | On today's show we're going to talk about the seven ways to get a million dollars into your |
| 0:49.3 | 401k plan and you're going to learn how to maximize your investments and what to do exactly |
| 0:56.6 | so that you can get a million dollars in your 401k plan if you don't have that already. |
| 1:01.5 | I was reading an article that talked about how many people |
| 1:04.8 | have a million dollars in their retirement plan. Do you have any idea? Well in 2017 about |
| 1:12.4 | 150,000 people have a 401k that has a million dollars or more in it. |
| 1:19.0 | And 152,000 have an IRA with a million or more in it. So congratulations, if that's you, if that depresses |
| 1:27.9 | you, well then listen on and we'll talk about how you can get a million dollars in your 401k plan. |
| 1:33.8 | Because I do believe that it's something that is achievable for everybody. |
| 1:38.8 | And there are some secrets to what you can do |
| 1:42.4 | to help get this happening easier for you and help it be a little bit |
| 1:48.1 | more certain for you. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Linda P. Jones, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Linda P. Jones and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.