Author Topic: Thank you  (Read 2231 times)

jhartt3

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Thank you
« on: February 28, 2014, 06:03:15 AM »
For helping my understand the Value of Tax deferred accounts when you're above the 15% tax bracket.  my old tax bill was 559.65 a month and has dropped to 354.77 since i switched from roth 401k to trad. 401k.  this is a savings of over 400 dollars a month. 

and since i havent been able to convince my wife to come around to mustachian ways yet.  This has allowed me to help her max out her 401k at work as well.  this should represent large tax savings for us over the next few years. 

Thanks again... 

soccerluvof4

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Re: Thank you
« Reply #1 on: February 28, 2014, 12:40:54 PM »
Awesomeness!

lifejoy

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Re: Thank you
« Reply #2 on: February 28, 2014, 01:13:19 PM »
This community is the best :)

arebelspy

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Re: Thank you
« Reply #3 on: February 28, 2014, 04:52:33 PM »
Congrats, well done!
We are two former teachers who accumulated a bunch of real estate, retired at 29, and now travel the world full time with two kids.
If you want to know more about me, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

marty998

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Re: Thank you
« Reply #4 on: February 28, 2014, 04:58:17 PM »
For helping my understand the Value of Tax deferred accounts when you're above the 15% tax bracket.  my old tax bill was 559.65 a month and has dropped to 354.77 since i switched from roth 401k to trad. 401k.  this is a savings of over 400 dollars a month. 

and since i havent been able to convince my wife to come around to mustachian ways yet.  This has allowed me to help her max out her 401k at work as well.  this should represent large tax savings for us over the next few years. 

Thanks again...

Well done

but 559.65 - 354.77 = $400?? The extra is the Mrs's saving?....

jhartt3

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Re: Thank you
« Reply #5 on: March 01, 2014, 12:03:50 PM »
sorry that was from one paycheck i get paid every other week so multiply the difference by 2