I’ve socked away $1 million for retirement – this might be an odd question, but is there such a thing as too much money in a 401k?

Group 1 - Achieving a savings milestone of $1 million is commendable and marks the individual as a millionaire, emphasizing the importance of maintaining a disciplined financial strategy to avoid lifestyle inflation [1][2] - Consulting a financial planner is recommended to optimize investment strategies, asset allocation, and tax planning, which are crucial for growing wealth beyond the first million [2][5] - A couple with over $1 million in savings but only $12,000 in taxable accounts faces liquidity challenges, particularly with rising family expenses, highlighting the need for a balanced asset allocation strategy [3][6] Group 2 - Contributing excessively to a 401k can limit liquidity, especially for families with increasing expenses, suggesting that there can be a threshold for "too much" allocation in retirement accounts [4][5] - For individuals with lower salaries and no employer match, there may be a risk of having insufficient funds in non-401k accounts, indicating the importance of diversifying investment strategies [5][6] - The financial situation becomes more complex as net worth increases, underscoring the necessity for professional financial advice to navigate unique financial circumstances effectively [5]