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Does anyone happen to be in or know anyone who is in the RUV alliance Angel Investment syndicate? https://ruvalliance.com/
We’re looking for angels who are familiar with investing through RUVs (a special purpose vehicle on Angellist) and specifically think the RUV Alliance could bring a lot of value.
#startup #angelinvesting #investing #angels
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Can I get 11 likes to get my DM started.
Thanks
Anyone from maip class of 2018 in the house?
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The reason is bc contributing gives you tax breaks and uncle sam will not let anything get in the way of getting paid
Once you hit the cap your 401k won’t accept any more contributions so keep going isn’t really an option. But you can still contribute up to 6k into a traditional or Roth IRA
Because rich people avoid paying taxes like the plague. If you made 1M year, you’d probably want to contribute 100k+ to the 401k, which would mean significantly less taxable income. You can still save, you can even back door Roth monies, you just can’t avoid paying taxes.
Valid point. Let’s hope government eventually fixes that BS
Chief
Emergency fund. 401k. IRA. HSA. Brokerage. Invest to your hearts content.
HSA is triple tax advantaged
Taxation is theft.
Down with roads!
Going up to $22,500 in 2023
must be nice to have anywhere near enough $$ to hit the cap
Invest it in other ways such as updates to our home, stocks, etc.
Max out 401k -> Roth IRA -> HSA/FSA…
you’re running out of tax efficient investments…
Emergency fund (6 months expenses)…
make sure you have sufficient insurance (life, short term disability and long term disability)…
Now you’re into taxable investments. Consider talking with an advisor at this stage, there are a lot of considerations like risk tolerance, age, retirement goals, etc. Investments run the gambit from Stock ETFs to Crypto to Real Estate but they all come with unique pros and cons.