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How A Spousal Pause Helped Build WCI
- Jim Dahle recounts how his wife paused her career to raise children, which allowed him to advance his medical and WCI careers.
- He credits that sacrifice for substantial family and financial benefits over time.
Prefer Legitimate Deductions Over Forced 401(k) Income
- Avoid letting taxable income exist if you can legitimately deduct it because untaxed income is superior to sheltering via retirement accounts.
- Use legitimate business deductions but don't buy unnecessary expenses just to create retirement contribution room.
Use Custom Solo 401(k) For Mega Backdoor Roths
- Consider a custom solo 401(k) if you want after-tax contributions and in-plan Roth conversions (mega backdoor Roth).
- Expect setup and maintenance costs, but you can put much more into Roth than standard employer deferral limits allow.