Meet the "moderate millionaires"—folks sitting on $1M to $5M in their 401(k)s and investment portfolios. The interesting part? Even with seven figures stacked up, many of them are still playing it safe. We're talking dividend coupons, dividend-focused strategies, and old-school risk management.

It's a wild contradiction if you think about it. You'd expect someone with that kind of capital to be more aggressive, chasing higher returns. Instead, they're clipping coupons and sticking to what worked in the previous decade.

What does this tell us? Psychology matters more than most people admit. Fear, habit, and anchoring to past success keep even wealthy people conservative. Meanwhile, the aggressive risk-takers who built their wealth might be the ones actually diversifying into emerging asset classes and alternative investments.