3 Blue-Chip Bargains I Just Bought For My 401(k) And So Should You

3 Blue-Chip Bargains I Just Bought For My 401(k) And So Should You

Posted On January 13, 2022 3:03 am

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.

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About author

Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I'm a proud co-founder of Wide Moat Research, Dividend Kings, and the Intelligent Dividend Investor. My work can be found on Seeking Alpha, Dividend Kings, iREIT, and the Intelligent Dividend Investor. My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams and enrich their lives. With 24 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams and achieving long-term financial goals.

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