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by bluGill
458 days ago
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You can only put $38k/year into tax advantages accounts working for someone else - $20k in the 401k, $10k with a match (that would be a generous match, but not unrealistic), and $8k in an IRA. You can double it if you are married. Everything is is not tax advantaged. If you work for yourself there are other retirement laws. You can of course put as much as you want into real estate (which if you rent out can give a nice return), or other investments. However the tax advantages do not apply. Ranchers don't normally put anything into tax advantaged accounts, but they tend to put a large portion of their gross income into real estate. By 60 their take home pay is higher than tech and those large investments have grown to more than most in tech make. Urban and rural areas allow for different life styles. I've lived both and when I'm in one I miss the other. |
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