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Reply to "I can contribute about $50K into my 401K"
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[quote=Anonymous][quote=Anonymous]This thread is full I people who don't understand the OP can legally contribute $50k. Guys, it's an employer contribution. As his own employer he can decide to whatever he wants. [/quote] yep, this is the OP. I don't understand the rules exactly (obviously), but as an owner and "highly compensated employee", we can fund a lot more into our 401K than the $17.5Kcap. But regardless, assuming you could contribute $50K into a retirement account, it seems you would be less nervous about other investment options - needing to invest in real estate or keep adding to your personal retirement account (not a tax-deferred account). I'm trying to budget for the end of the year and plan how much money to blow (car & vacation) and how much to save (529, reserves and then X).[/quote]
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