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I have a CPA tax attorney who handles this for me. As I said in the other reply, I don't think that I am out of touch. $200k isn't as much as people make it ou
by iplaw 10y ago
I have a CPA tax attorney who handles this for me. As I said in the other reply, I don't think that I am out of touch.
$200k isn't as much as people make it out to be. It's enough to not worry about monthly commitments, but it's not enough for much else. A new construction home in a middle class part of Dallas runs $700k, or $3300/month + another $13k in tax = $50k annually. Add your 5-Series for $500/month for another $6000. Plus insurance. Meh.
And as I said before, at $200k, you can utilize a 401(k).