4 ms·
Would you mind sharing a few things: - age - Bay area/NYC or somewhere else? - how do u deal with taxes, 401K contributions and still have 100K leftover? I am
by tostitos1979 11y ago
Would you mind sharing a few things:
- age
- Bay area/NYC or somewhere else?
- how do u deal with taxes, 401K contributions and still have 100K leftover?
I am possibly overcontributing 401K (maxing the 18K allowed by the IRS) and certainly overpaying rent (bay area :[). How the heck does one manage to save/invest 100K even at that salary? As a soon to be father, I need to get my act together asap.
- arbitrage314 11y agoI'm 30 years old, and my rent is about $1200/month (I'm married, which helps cut down on costs). After taxes, $250k becomes $150k. After rent, food, staying alive, some travel, etc., I'm left with about $100k disposable per year. Like most of you, I don't really have nice things, fancy clothes, etc. I would continue to max out contributions to retirement accounts, though! You can invest in startups via IRAs and Roth-IRAs (I have done it).
- 0mkar 11y agoThats interesting. Can you please share how you invested in startups via Roth-IRAs? I am exploring ways to do something similar.
- arbitrage314 11y agoI used a Pensco self-directed IRA: https://www.pensco.com/ https://www.pensco.com/
- deleted 11y ago[deleted]