Dan the budget man
Region: US
Friday 31 July 2026 17:56:51 GMT
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Page :
Okay so don’t eat, pay your bills, or drive. Instead max out your 401k. Got it 👌
2026-08-01 17:28:59
206
itsmethezac :
do they get to buy groceries at some point?
2026-07-31 19:21:22
229
Stephen Rockett :
You can't subtract Roth IRA contributions from taxable income.
2026-07-31 21:49:05
46
James Gray :
so, you want a couple to save over $70,000 a year and still have a house, cars, kids and potentially pay for child care? good luck with that
2026-07-31 22:04:03
104
tjnuke12 :
you can't subtract traditional IRA contributions if your company offers a 401k
2026-08-01 14:58:49
10
The SorcheMeister :
Not everyone has a 401(k) not everyone can do an HSA
2026-08-02 14:58:06
5
Bobby :
Please don't forget the standard deduction
2026-08-01 17:24:02
7
JoeDec89 :
Now add in monthly daycare costs, car payments, groceries, gas, car insurance, medical insurance, cell phone bill, internet, utilities, clothing, student loans, etc.
2026-08-01 02:28:21
19
NOLA :
And now everything’s in pre tax accounts, no thanks. Gimme the Roth IRA instead
2026-08-01 19:01:26
11
Ech214 :
401k lowers your taxable income for that year but years later, 401k withdrawals in retirement are taxable. So you’re only kicking the can down the road
2026-08-02 13:51:27
6
James :
You can’t do a traditional Roth and get tax benefits if you have a 401k.
2026-07-31 23:56:15
7
Trevor Grondin :
i get what you’re trying to say, but if the goal is to save $51k in taxes, but you do that by reducing your available income by half, is that really a life hack?
2026-08-01 02:27:49
3
norbuandwillowcronicles :
How is the contribution to the traditional IRA pretax? Please explain
2026-08-03 16:11:50
0
C :
Only 2 things are guaranteed in life. Death and taxes. Do a Roth and pay the taxes on the seed not the harvest.
2026-08-01 14:59:01
2
SoberIn❌️WiScottson :
this is the best explanation ive seen yet... and if youre debt free at retirement you could live on much less than 80k and wouldnt need to have 1.6M. awesome
2026-08-01 13:38:01
3
Leigh 💕 :
I have a 401K as well as a Roth IRA but wanted to know if there’s other ways to lower my taxable income
2026-07-31 20:51:52
1
Mohammed Alam :
You know what’s better? Not doing that
2026-07-31 18:13:02
1
bonk484 :
Not in L.A.
2026-08-01 23:45:34
0
:0 :
So in order to not get taxed as much, they would bring home $20k less…. hmmm
2026-08-01 19:50:33
3
JR :
lol this is hilarious, no one making 165k is living off 81k second that’s literally poverty at any big city
2026-08-02 22:31:35
1
dero51487 :
They won’t have 1.6 million after 13 years
2026-07-31 20:44:29
2
Niveaforthesoul :
92k so take home is around 65k net….
2026-08-02 16:26:41
0
Da_Bandit_Aviator :
Nice so they won’t get taxed, but they also can’t afford to live. Great strategy
2026-08-03 09:46:45
2
Aolekukae :
Live in a tent in parents front yard, catch rain, melt snow and eat ramen and shower at the gym.
2026-08-01 23:29:28
2
Nick Brown :
gurl I got bills but you do you
2026-08-01 23:31:31
0
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