To return to the forum homepage, please click the banner at the top of your browser.
Started by malbec, May 12, 2019, 05:39:08 PM
Quote from: david123 on August 14, 2019, 06:11:27 AMThis is a great topic, and one I am very interested in. At 50 years old I'm finally coming to the conclusion that is not how much you make, but how much you can keep. Taxes are a killer. My wife and I are both w2 employees, so other than 401ks there are not many tax shelters available. I've been looking at investment real estate - but even the depreciation is pretty minor. I've been looking into self directed IRAs (and Roths), and solo 401ks, but you need to be self employed. That is where the real estate or AirBnBs come in. Seems like high risk for relatively low reward and lots of restrictions.I'm open to other ideas. Muni's seem interesting. I'm in Illinois and our state taxes will be going up soon, but betting on Illinois finances is probably not a good idea. Any muni's worth considering?