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Message: <blockquote data-quote="Allen" data-source="post: 421829" data-attributes="member: 389"><p>Elon's billions is not in an IRA or 401k, they have contribution limits.</p><p></p><p>This is compensation for his work.</p><p></p><p>So, you are ok with him paying less of a percentage than you on your earnings.  Takes all kinds to make the world go around, I guess.</p><p></p><p>BTW, a Roth IRA is paid for with post-tax money and that makes it tax free in retirement.  A 401K is paid for by pre-tax money.  When you cash it out, you will pay your marginal tax rate.  I hope you stock enough away to do well enough to pay more than Elon's 20% that in no way, shape, or form is governed like an approved IRA or 401k.</p><p></p><p>For what it's worth, since Elon's actual salary and/or commissions are $0 per year, can he even contribute to a retirement account?</p></blockquote><p></p>

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