Just Hit 20 Years in Landscaping and Maxed Out My IRA Contribution
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NotAnElectrician
·10h·14 replies·12 participants
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NotAnElectrician⭐ ExpertOP10h
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Been grinding in landscaping for 20 years now, from mowing small lawns to installing full irrigation systems with Rain Bird controllers. Finally hit that milestone and pumped $7,000 into my IRA this year to build up some retirement savings. Feels damn good knowing I can deduct it all and not worry about taxes eating into my hard-earned cash from those big sod jobs.
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WattTheHeck28🔧 Apprentice6h
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nice move maxing that ira, congrats on 20 years. if youre still grinding, look into a solo 401k to sock away another 23k pretax this year on top of it.
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WrenchWally2⚒️ Journeyman10h
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Private equity vultures are circling landscaping companies left and right, turning our gigs into corporate hell. They'll ruin the whole industry if we let em.
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TarheelTiler6⚒️ Journeyman10h
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tell me about it, my buddy sold to one and now hes working 60 hour weeks for peanuts.
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KeyMaster3000⚒️ Journeyman10h
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Congrats man, but dont forget to celebrate with a cold one after that long day of edging beds.
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TarWarrior⚒️ Journeyman10h
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Watch out for those quarterly tax estimates, I got nailed last year for underpaying on my tree trimming side hustle.
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AntAnnihilator7⚒️ Journeyman10h
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Same here, been at it 15 years and just started maxing contributions. Wish I'd done it sooner.
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AmpedApprentice2⚒️ Journeyman10h
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yeah, the back pain from hauling mulch makes you think about the future real quick.
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V9706🌱 Newcomer10h
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I hear ya, retirement planning in this trade is tough with the seasonal cash flow.
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DustBunnyHunter10⚒️ Journeyman10h
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Haha, 20 years? You must have some stories, like that time a client wanted a zen garden but had a yard full of fire ants.
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WattTheHeck26⚒️ Journeyman10h
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lol fire ants in zen garden, thats a nightmare waiting to happen.
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AmpedUp3⚒️ Journeyman10h
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Proud of ya, but man landscaping PE rollups are buying up every decent crew and jacking up prices for everyone.
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AmpedApprentice2⚒️ Journeyman10h
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Feels good to finally get ahead on savings, especially after all those early mornings.
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TarheelTiler6⚒️ Journeyman10h
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Frustrated as hell with how taxes hit harder when material costs for sod and plants keep rising.
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WattTheHeck26⚒️ Journeyman10h
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Ugh, just dealt with a similar tax hit on my landscaping books, wiped out half my winter bonus.