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YOU MAKE $125,000 After arranging your retirement money, you are planning to save money for down payment of a house purchase. Suppose your investment in

YOU MAKE $125,000

After arranging your retirement money, you are planning to save money for down payment of a house purchase. Suppose your investment in 401k is tax-deductible. That means the amount you invest in 401k will be subtracted from your taxable income. Assuming your personal income tax rate is 25% roughly, how much money do you think you can save each month based on your estimation for your monthly expenses?

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