Post
Topic
Board Serious discussion
Re: Tomorrow you wake up, You got 50000$ in your hand. What will you do?
by
KonstantinosM
on 11/02/2024, 04:18:07 UTC
Set aside money for taxes, no-one mentioned that yet.

After I set aside 35% for taxes, I would first max out my roth IRA

Taxes                            17500
Roth IRA                       6000
Fix my fucked up car      5000
Home repairs                10000

Keep the remainder as an emergency fund.

Continue life as normal


How did no one else mention setting aside money for taxes?