The most telling number is the 401k one. If she was the wealthy sort, she’d probably be exploiting that sort of thing as much as possible.
Or maybe not, because she knows it will be in the disclosure. But most wealthy people follow professional advice on how to pay the least taxes, and that includes exploiting retirement fund tax breaks.
The most telling number is the 401k one. If she was the wealthy sort, she’d probably be exploiting that sort of thing as much as possible.
Or maybe not, because she knows it will be in the disclosure. But most wealthy people follow professional advice on how to pay the least taxes, and that includes exploiting retirement fund tax breaks.
401ks have specific limits on how much you can contribute. Most big wealth comes from ownership of stock and other assets.
Yeah, but the 401k limit is 22.5k (for 2023). You max the tax advantage before investing in non-advantaged stuff.