Long term archiving for safe-keeping

I’m getting my head wrapped around the archiving feature (I think) and I just want to make sure I have good file backups for at least a year. I’ve attached a screen shot of my archive status and wanted anyone’s input that knows more than me on whether this is a good idea or not.
The idea I have is to keep daily revisions for a week, weekly revisions for a month, monthly revisions for 6 months, and yearly revisions for a year.

Any help is greatly appreciated.