Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Millenials are ruining their parents retirement plans?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Millennial here: it's only in the last two years have I realized how good I have it at my job. I have the three legged stool maximized - DB pension that will be 6-figures if I can stay here for 30 years, fully maxed 401k with 8% match, and then socking away extra in a backdoor Roth and 529 plans. We are having our first baby this year and will lower our taxable base by using the FSAs, plus the tax benefits from rental real estate we own. I've come to discover that "smart money management" begins with (1.) lowering your taxable base as much as possible and (2.) finding a job with income growth potential and solid benefits. It's crazy how much the tax code is tilted in favor of savers and investors. I'm pretty sure this next year I'll be able to lower my taxable base by over $60K once I factor in deduction for pre-tax 401K investments, mortgage interest, and all other forms of tax-sheltered savings. -Older Millennial[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
