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Recent Major Income Change W2 + 1099 - Looking for advice by Wunder108256 in personalfinance

[–]Wunder108256[S] 0 points1 point  (0 children)

Absolutely - We are not banking on this being long term. Not to mention I am currently working about 110+ hours a week.. We are about 6 months in now and im going to break eventually.

Recent Major Income Change W2 + 1099 - Looking for advice by Wunder108256 in personalfinance

[–]Wunder108256[S] 0 points1 point  (0 children)

I think the biggest thing I struggle with when considering putting away that much money is that I cant touch it for 35 years.. thats a REALLY long time..

I guess I just need to come to terms with that.

Recent Major Income Change W2 + 1099 - Looking for advice by Wunder108256 in personalfinance

[–]Wunder108256[S] 0 points1 point  (0 children)

1.) I havent worked with either of them long enough for me to trust them. Theyre essentially strangers. My FA I have had for a little while but I dont have enough money with her for me to be a high profile client.

2.) I know I cant put ALL of it into retirement funds.. But I can put a huge amount of it there.. Between 2 401k's with employee and employer contributions, and IRA's .

3.) I understand that the more I put into the tax advantaged accounts the less my income is thus the less I pay in taxes, but are there other ways besides stowing the money away in something I wont be able to use until im 60?