most Chinese families contribute more

for a family of two, if you max out tax-sheltered contribution, then]

1. $17,500*2 for 401K=35,000

2. Roth or Traditiona IRA = $5,500*2 = 11,000 (accelerated contribution allowed for 50+);

that is $46,000 sheltered from tax, and we are not even talking about:

1. employer contribution;

2. 529;

3. life insurance,  etc.

of course you need the income to qualify. 

所有跟帖： 

• can we have both 401k plan and tradtional IRA at the same time? -gqc- ♀ (0 bytes) () 09/08/2015 postreply 08:44:28

• yes -njrookie- ♂ (0 bytes) () 09/08/2015 postreply 09:57:49

• 401K买满了，就只能买back door Roth IRA，或after tax 的IRA，都是after tax 的，对高收 -乒乓板- ♀ (50 bytes) () 09/08/2015 postreply 15:03:51