Maybe so but per recent articles, being a 401(k)/IRA millionaire is becoming much more common for those who contributed over several decades:The thing is most people don't have 6 figure tIRA balances. Only a 1/3 of households even have a tIRA and the median balance is reported to be under 6 figures. The vast majority of people are in lower tax brackets in retirement.
I may have seen the same video and I disagree, I think small, strategic Roth conversions could be beneficial for most with 6 digit tIRA balances. Will it show 10-20% changes in after tax net worth? No, but that seems like a ridiculously high threshold for any financial decision.
https://www.morningstar.com/news/market ... the-course
..Overall, 654,000 people were 401(k) millionaires in the third quarter, a new record, the investment firm said. These retirement millionaires have account-holding tenures of roughly 25 to 26 years, and the number is up from 595,000 in the second quarter of 2025 and 544,000 in the third quarter of 2024.
Statistics: Posted by Count If — Wed Jan 28, 2026 12:30 pm — Replies 213 — Views 10018