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re: 100k Club
Posted on 8/23/22 at 12:57 am to Mingo Was His NameO
Posted on 8/23/22 at 12:57 am to Mingo Was His NameO
quote:
It's like $1,500 a month after tax. Not to mention it's a 25% increase in your pretax contributions.
I am terrible with math. I actually thought it was a 33% increase (25k is 33% of 75k). It’s significant, though.
Investing $1500 a month (after tax amount) for 20 years at 5% returns is $600,000. That’s a second home at a desirable location or retiring two-three years earlier for most.
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