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Author: PayingFool Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25234  
Subject: Re: tax deferred money in 401k Date: 2/10/2006 2:13 PM
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Now, suppose you make the same $60000, but deposit $30000 in a tax-deferred 401k amount, then you withdraw that amount in the year 2030 when you're retired.


Ummm, how would you manage that? The maximum for pre-tax 401(k) contributions in 2006 is only $15000.
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