The 401(k) Myth Busted for High Earners

Why the wealthy are rethinking retirement savings...                                                                                                                                                                                                                                                                                                                                                                                                                 September 14, 2024 | [Read Online]( 👾Leveling Up 👾 Is the 401(k) overrated for the wealthy? Most financial advice is tailored for the average person, but the rules shift when it comes to the wealthy. The 401(k) is great for most people as a forced savings tool, but for the rich, the contribution limit is often too low to make a significant impact. They prefer liquidity, using that money for higher returns or seizing business opportunities that can't wait. While standard advice might suggest filling your Roth IRA with index funds, aiming for high-growth stocks like NVIDIA or Tesla could maximize tax-free gains. And here’s a bold thought: If you’re unhappy with your financial situation, consider starting a business. It’s not just about potential profits—it’s about taking control of your life and embracing the personal growth that comes with it. Those who complain about their lack of freedom or earnings often haven’t taken the leap to create something of their own. At the end of the day, what are you willing to risk? Eric Siu :) The Next Era of SEO Revealed LIVE Webinar: Advanced AI Strategies to Dominate SEO - 36% boost in impressions - 300% increase in clicks - 71% more leads MoM [CLAIM YOUR SPOT]( Links You Might Like Here are some of the best links I’ve found since our last email. 🏢 Business $50M or $1B offer? ([link]() ✉️ Email 7 tips for creating a lead magnet ([link]() 📈 Investment How many stocks are needed for a smart investment? ([link]() 🤖 AI 7 features from the Apple Intelligence showcase ([link]() 🪧 Advertising Using negative keywords for paid ads ([link]() How I Can Help You If you enjoy this newsletter and would like to collaborate with me, there are a few options available: - You can apply to work with my marketing agency ([link]() - You can join my Skool community for agency owners ([link]() Interested in working at Single Grain? We have some new open roles: - Business Development Representative ([link]() - Paid Media Manager ([link]() - SEO Manager ([link]() Poll: What did you think of today's newsletter? [❤️ I loved this newsletter]( [😑 It was okay]( [☠️ I absolutely hated this newsletter]( [fb]( [tw]( [ig]( [yt]( [tk]( [in]( Update your email preferences or unsubscribe [here]( © 2024 Leveling Up 228 Park Ave S, #29976, New York, New York 10003, United States [[beehiiv logo]Powered by beehiiv]( [Terms of Service](