Henri Matisse Blue Nude I 1952 paintingCassius Marcellus Coolidge A Friend in Need paintingEdvard Munch Puberty 1894 painting
By implementing a self administrated 401k that includes the ROTH contribution option. You are no doubt familiar with the Roth IRA which accepts after tax contributions resulting in ALL of the gains being TAX FREE forever.Also, the old Roth IRA limited a person to a maximum contribution of $5,000 - $6,000 per year. The 401k ROTH allows you to contribute based upon your age from $15,500(under 50) $20,500(age 50+) each year.
Now were talking some fire power when it comes to investing in real estate.
The other secret to supercharging your TAX FREE retirement is being in 100% total control of your plan. In addition;
The 401k Roth is the same concept...the contributions will NOT reduce your taxable income but ALL of the growth will be also be TAX FREE forever. The old Roth IRA downsides have been eliminated. There is no imposed income cap, you can make millions per year and still qualify to make the maximum contribution
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment