Seems like the rich are able to save more for retirement than the poor, and will use the most effective means to do so.
Contribution limits to retirement plans mean that for a billionaire, their 401k or IRA balance is very unlikely to be a significant portion of their portfolio. The typical case I can imagine for this would be putting their roughly $20,000 worth of 401k contributions into company stock every year and then seeing their company go 100x.
Contribution limits to retirement plans mean that for a billionaire, their 401k or IRA balance is very unlikely to be a significant portion of their portfolio. The typical case I can imagine for this would be putting their roughly $20,000 worth of 401k contributions into company stock every year and then seeing their company go 100x.