Maxing out your retirement accounts is one of the smartest and most tax-efficient strategies you can use to retire in safety and splendor.
At the start of every year, I max out my SEP 401(k) accounts to save $14,000 per year in taxes and benefit from Ultra SWAN yield and hyper-growth.
This year I invested my 401(k) savings into three blue-chip bargains, which yield a very safe 5.3% and analysts expect to deliver nearly 17% long-term annual returns.
Everyone’s risk profiles are different, and you can combine the world’s best blue chips with index funds to achieve the optimal risk management for your specific needs.
While 2022 is likely to see a 10% to 20% correction, those who entrust their hard-earned savings to a diversified and prudently risk-managed portfolio of the world’s best companies have nothing to fear.
Retiring rich and staying rich in retirement are not a matter of luck, but time and patience.