4 ms·
Taxation (do the math on 15+ years at 40% taxation, then add compound interest), plus living expenses often increase in lockstep with your income (as anyone who
by patrickg_zill 10y ago
Taxation (do the math on 15+ years at 40% taxation, then add compound interest), plus living expenses often increase in lockstep with your income (as anyone who has ever been married will tell you).
- brianwawok 10y agoCompound interest? What? Most of his money would be tax advantaged.
- patrickg_zill 10y agoSorry for not being clear. I am referring to the period when he is earning money at a job, not the retirement earnings. Compound how much more you would have if the income taxes could be deferred or avoided. For someone working and raising kids etc. it is like "eating your seed corn" as the saying goes.
- brianwawok 10y agoAh yes that makes sense. Not sure what the right word for this is either. Maybe there isn't a good one.