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.

Bachelor Nation Holiday Gift Guide!