David Kassir Quoted in Newswav and SSBCrack News: How Long Does It Take to Become a 401(k) Millionaire?

David Kassir, Managing Director of Manna Wealth Management, an SEC-registered fiduciary wealth management firm, was quoted in two publications carrying his comments, first given to The Independent, on how long it takes an average worker to become a 401(k) millionaire. Newswav published the story as “How long does it take an average worker to become a 401(k) millionaire?” and SSBCrack News published it as “How Saving $100 a Month in a 401(k) Could Grow Into $1 Million”. David’s comments focused on the return assumption behind the math: higher-risk investment options may average about 9 to 10 percent a year, moderate options about 7 percent, and lower-risk options about 5 percent, which is why he recommends planning on a moderate return and treating any stronger performance as a bonus. He also recommends directing some or all of a pay increase into retirement savings, so contributions rise over a career without the saver feeling the full amount at once. Read the full article on Newswav: https://newswav.com/article/how-long-does-it-take-an-average-worker-to-become-a-401-k-millionaire-A2611_Jf8Gl0 and on SSBCrack News: https://news.ssbcrack.com/how-saving-100-a-month-in-a-401k-could-grow-into-1-million/