freelancer taxes
freelancer taxes
Out of context: Reply #23
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- tkmeister0
let's say you are 30 and making 100k, and you max out your SEP and rothIRA for the next 20yrs, then it's very likely that you'll have at least 1 million saved by age 50, that's after taking the inflation rate. it's very likely that your income will increase so does your saving, so you'll probably get there faster than you think.
and imagine gaining 10% interest on that 1mil every year, that's 100k every year doing nothing.
well, i made it all simple, but you get some idea.