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A comment on Sputtering Startups Weigh on U.S. Economic Growth. Parent comment

Re:Sputtering Startups Weigh on U.S. Economic Growth by up_and_up on Monday October 24, 2016 @05:40PM (#12783158)
Just start your own business and shelter the money in an i401K, SEP IRA or Simple IRA: https://investor.vanguard.com/what-we-offer/small-business/c...

"For the 2016 tax year, overall employer plus employee contribution limit is 100% of compensation with a maximum of $53,000"

[ Parent | on HN ]
Re:Sputtering Startups Weigh on U.S. Economic Growth by taurath on Monday October 24, 2016 @05:56PM (#12783253)
If you're already employed full time and your paychecks go directly to you its only possible if your employer is okay with paying you as a contractor, which of course makes their situation with you more complicated, and also you might have trouble getting health insurance through the company.
[ Parent | on HN ]
Re:Sputtering Startups Weigh on U.S. Economic Growth by up_and_up on Tuesday October 25, 2016 @10:44AM (#12788415)
I am saying moonlight on the side in addition to the fulltime job and stash that money away.
[ Parent | on HN ]