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2016 Income Tax Talk
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<blockquote data-quote="savage270" data-source="post: 155212" data-attributes="member: 837"><p>I figure that if 10% is good enough for Jesus, it should be good enough for Uncle Sam.</p><p></p><p>ndwalleyes - if you and your wife already have your 401ks maxed out ($18,000 for 2017, $24,000 if you are over the age of 50), I would consider buying a rental property or two. They typically lose money creating a large deduction on your taxes, provide a great extra source of income in retirement and can then be passed on to your children when you die, tax free.</p></blockquote><p></p>
[QUOTE="savage270, post: 155212, member: 837"] I figure that if 10% is good enough for Jesus, it should be good enough for Uncle Sam. ndwalleyes - if you and your wife already have your 401ks maxed out ($18,000 for 2017, $24,000 if you are over the age of 50), I would consider buying a rental property or two. They typically lose money creating a large deduction on your taxes, provide a great extra source of income in retirement and can then be passed on to your children when you die, tax free. [/QUOTE]
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