How to get rich without getting lucky

Re:How to get rich without getting lucky by muzz on Friday June 01, 2018 @11:40AM (#17206349)

This is a very important point because taxes affect decisions around money.

For example, the ability to contribute to a 401k plan can defer $18,500 a year from taxes per person (more if over age 50, and more if there is a company match). For someone with a $130k gross, the employer having a 401k plan or not could affect the choice of which job they choose.

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Re:How to get rich without getting lucky by arielweisberg on Friday June 01, 2018 @05:21PM (#17210461)

Only per person if you are are dual or multiple income. For some asinine reason 401k limits are not only very low, but don't take into account how many people are going to depend on that 401k.

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Re:How to get rich without getting lucky by dlp211 on Friday June 01, 2018 @06:06PM (#17210866)

In what world are 401k limits low? Between you and your employer, you can contribute up to $55.5k/yr to a 401k, more if you are over a certain age, I think it's 50.

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Re:How to get rich without getting lucky by muzz on Friday June 01, 2018 @07:14PM (#17211334)

I should have said "per employee" not "per person" which could be misconstrued as "per household member".

As the other commenter pointed out, why do you think 401k limits are low?

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