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re: Proposed 401k limit -- $2400 per year

Posted on 10/21/17 at 11:30 am to
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 10/21/17 at 11:30 am to
That’s $225k AGI. So you’re nearing $275-290k+ depending on your pretax and deductions.
Posted by Oenophile Brah
The Edge of Sanity
Member since Jan 2013
7540 posts
Posted on 10/21/17 at 2:45 pm to
quote:

That’s $225k AGI. So you’re nearing $275-290k+ depending on your pretax and deductions.

$225k after deductions isn't a ton to live off of when you have serious student debt. Heaven forbid you have children or live in an high cost of living city.

Top rate should start around 300k AGI. In my opinion.
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