Just out of curiosity, is the $40k pre-tax including 401k contributions of a spouse too? Otherwise, how can I, as an single person, achieve retirement contributions of $40k?
In general, working for startups with crappy retirement plans, retirement accounts have been a big pain point for me, a big portion of my assets are actually held in taxable accounts, which is not too bad if you invest in tax efficient funds which at most provide qualified dividends, and during a downturn you can do some valuable tax loss harvesting, but I would gladly take advantage of more tax deferred space.
Just out of curiosity, is the $40k pre-tax including 401k contributions of a spouse too? Otherwise, how can I, as an single person, achieve retirement contributions of $40k?
In general, working for startups with crappy retirement plans, retirement accounts have been a big pain point for me, a big portion of my assets are actually held in taxable accounts, which is not too bad if you invest in tax efficient funds which at most provide qualified dividends, and during a downturn you can do some valuable tax loss harvesting, but I would gladly take advantage of more tax deferred space.