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Vacation Rentals Lead to Relaxing Retirement

A successful executive with a Wall Street investment company has side income from buying, renovating, and renting vacation properties on the East Coast. This business generates more than $200,000 per year of additional income. He will install a Defined Benefit plan and Solo 401(k) in order to reduce his current tax liability. His side business will contribute well over $125,000 in 2019. If he contributes at the same level for 18 years, his projected accumulation at retirement will be $1.2 million.

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