I was waiting in line at the California DMV recently, idly flipping through my phone, when I ran across this headline: There Are More 401(k) and IRA Millionaires Than Ever … Fidelity Investments—apparently happy to share its customers’ financial info anonymously—says it has more than 750,000 seven-figure 401(k) and IRA accounts. A chunk of money is great, especially when we can leave it untouched and let it grow. That was no doubt the “secret” of 99%+ of these retirement millionaires. They socked away money for decades and rode the market higher. (They didn’t chase the crypto du jour!) Soon it will be time to convert the pile of cash into cash flow that can pay the bills.… Read more