Re: Tomorrow you wake up, You got 50000$ in your hand. What will you do?
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?
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?
We will only get the money tomorrow, why should we think about the taxes now, tomorrow we will just think about how the money will be used and most importantly we wait for tomorrow to come.
But since you're talking about taxes, is there a way to avoid them? 35% is big guys, let's talk about the odds ...
