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Reply to "Why max out 401k?"
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[quote=Anonymous][quote=Anonymous]A question from another poster here: I have a business and solo 401k. My gross annual income before write offs is 350K, net after tax and depreciation write offs is around 180K. Someone said that tax advisors recommend 10-15% of your income deferred for 401k. Shall I save 10% from 350K or 10% from 180K/net income? [/quote] It all depends on what other investment funds you will have available to you. But personally, I would do $35K because you can.[/quote]
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