Max out retirement accounts from "summary" of The Automatic Millionaire by David Bach
One of the most powerful wealth-building strategies you can implement is to fully fund your retirement accounts every year. This means contributing the maximum amount allowed by law to your 401(k), IRA, or other retirement savings vehicles. By doing so, you are taking advantage of tax benefits and compounding interest to grow your nest egg over time.
Many people overlook the importance of maximizing their retirement contributions, but this can have a significant impact on your financial future. By consistently putting away the maximum amount each year, you are setting yourself up for a comfortable retirement and ensuring that you will have enough money to support yourself in your late...
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