Do you have $500K to $5M saved for retirement? That puts you in an awkward spot — here’s the problem and how to fix it

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. If your net worth is between $500,000 and $5,000,000, you’re likely doing better than many Americans. However, that doesn’t mean you’re among America’s ultra wealthy either. Most banks would define households with a few million to invest as “mass affluent,” while you need at least $30 million to be considered “ultra-high net worth,” according to Investopedia (1). Top Picks Thanks to Jeff Bezos, you can ...