« previous next »
Pages: 1

Author Topic: Maxed out 401(k) and tIRA!  (Read 1151 times)

familyFIguy

  • 5 O'Clock Shadow
  • *
  • Posts: 39
Maxed out 401(k) and tIRA!
« on: April 08, 2019, 11:21:04 AM »
Excited to share that I maxed out my 2018 401(k), and our tIRAs for the first time!

Single income, three kids.

Just did my taxes and take home pay was 60k for 2018 with a negative 7% tax rate.

Feeling great!!
Logged

RWD

  • Walrus Stache
  • *******
  • Posts: 6612
  • Location: Arizona
Re: Maxed out 401(k) and tIRA!
« Reply #1 on: April 08, 2019, 11:41:32 AM »
Congrats!
Logged

nancy33

  • Stubble
  • **
  • Posts: 218
Re: Maxed out 401(k) and tIRA!
« Reply #2 on: April 08, 2019, 02:10:44 PM »
Wow great job
Logged

jps

  • Bristles
  • ***
  • Posts: 256
Re: Maxed out 401(k) and tIRA!
« Reply #3 on: April 08, 2019, 02:13:37 PM »
Nice work! A negative tax rate sounds excellent!
Logged

Full Beard

  • Stubble
  • **
  • Posts: 136
  • Age: 40
  • Location: Northern Virginia
Re: Maxed out 401(k) and tIRA!
« Reply #4 on: April 08, 2019, 02:40:13 PM »
Impressive!!
Logged

MDM

  • Senior Mustachian
  • ********
  • Posts: 11499
Re: Maxed out 401(k) and tIRA!
« Reply #5 on: April 08, 2019, 07:01:27 PM »
Congratulations!

Do you know what your marginal tax rates were for those $29.5K?
Logged
Pages: 1
« previous next »