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It's time for Tax Hacker Tuesday.

So what are the contributions that you can make inside your self directed for one big thing?

And this is going to get a little bit complicated, but just bear with me and it'll make sense as we go through it.

First off, as a general rule,

there's three different ways

that you can make contributions to your 401k plan.

First off, the first bucket is the 401k bucket. And I hate to do this this to you but I'm going to give you the

legal name of this bucket because it kind of makes sense whenever you start going

through these contributions and the name of the 401k bucket is called the cash or deferred arrangement bucket, short for

Coda. So you got Coda CODA, which is the cash or deferred arrangement bucket.

And that's whenever you're being paid a salary,

you tell your corporation, your employer, that I don't want that salary.

Instead of giving me $5,000 a month, why don't you keep $2,000, only give

me $3,000 and the 2,000 you keep you put inside of my 401k bucket.

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