zlacker

The IRS doesn't want 401k to be a tax-avoidance scheme for the rich so individual plans are heavily capped. But you should have the same cap as your employer in a plan they administer.

>>legits+(OP)
Not trying to be a smartass but the rich have quite enough other very profitable ways to avoid being taxed, where bribing lawmakers is only one of them.

>>legits+(OP)
There's always a way:

https://www.washingtonexaminer.com/news/1143872/paypal-found...

>>FireBe+09
I mean I absolutely detest Peter Thiel and all, but I don't get why you think having and using a Roth IRA (which is, BTW, not a 401k) is a loophole? I max mine out every year and you should too. You should also recognize that it is to your tax advantage to make your riskiest investments with your Roth account, because sometimes high risk brings high reward, which is then untaxed reward, which is the entire point of a why the government both incentivized the creation of Roth accounts, and limited the yearly contribution to a small ammount to begin with. It's not gaming the system, it's the system functioning as intended.