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Reply to "Where is your retirement money going to come from?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'll have $10M in my 401k. Why do I need anything else?[/quote] Because that $10M will actually be closer to $5M after taxes. You've deferred paying taxes on this money by putting it into a 401K or IRA...unless its a Roth but based on the amount you have in your 401K I'm guessing you don't qualify for a Roth. [/quote] First of all, no one is paying 50% tax rate. Second of all, [b]$5 million after taxes is more than enough for anyone in retirement.[/b][/quote] Are you being sarcastic? I've done the math and that is NOWHERE near enough for me.[/quote] Oh, DCUM. You never fail to make me laugh.[/quote]
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