Post by roy on Jan 31, 2012 9:36:38 GMT -5
Here are some ways to maximize savings
- maximize the 401(k) - 17 K for 2012
- maximize the after tax contribution - up to 7% of your salary to a max of 25 K
- contribute to roth ira; if not eligible for roth; contribute to ira and switch to roth immediately
this is 5K/ year.
If you have a spouse, you can repeat the above with your spouse. This will allow one to bypass uncle Sam for taxes for a very long period legally.
- maximize the 401(k) - 17 K for 2012
- maximize the after tax contribution - up to 7% of your salary to a max of 25 K
- contribute to roth ira; if not eligible for roth; contribute to ira and switch to roth immediately
this is 5K/ year.
If you have a spouse, you can repeat the above with your spouse. This will allow one to bypass uncle Sam for taxes for a very long period legally.