Are You on the Millionaire's List per Fidelity?

D Ramsey's advice on consistent,
long-term savings

In the past year, there has been a 50% increase of 401(k)  balances of $1 million or more, per Fidelity Investments.

We are thisClose.  What has kept us back?  Repeatedly dipping into our retirement funds to pay for our children's college education (whatever scholarships or financial aid don't cover) & their other high-ticket outlays.

Has this financial regression been worth it?
YES. They're "educated' according to the world's standards and have begun their adult lives on the right footing.  We are beyond proud of each of them and their accomplishments.

NO.  The $$ return on our "investment" has been zero (thru non-investment) or pennies (or less) on the dollar via repayment. We are partly to blame.  We walked on eggshells regarding paying us back, and never put it in writing nor made it legal. We didn't push it because it's the duty of us parents to provide for children right up to and including college, right? Riiiiiiight.

But if any widow have children or nephews, 
let them learn first to shew piety at home, 
and to requite their parents: 
for that is good and acceptable before God.
(1 Timothy 5:4)

Internal Revenue Code 401(k)

List: Largest Publicly-traded Financial Services Companies

Fidelity.com

Fidelity Investments Inc

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