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I want to make partner just for the office space
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I want to make partner just for the office space
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Chief
By definition, retirement accounts are individual. So my wife contributes $6,000 & $19,500 of *our* money to her IRA and 401k while I do the same for my accounts with *our* money.
I emphasize "our" because while we both work, we have no concept of "my money" and "her money". Her expenses are my expenses and vice versa
Chief
Yeah. We don't "split expenses" if she wants to buy a purse she buys it. If I want to buy a bottle of gin I buy it.
Now, if she wants to buy a car or something we'll talk about it first, of course.
Chief
39K in total
What about dependent care FSA? Can each contribute the max at their respective employers?
Pro
Yes - apparently it’s been increased to 10k from 5k. Accenture didn’t give us the option to increase our contribution though