Yes. Plus shelter, clothing, transportation, health care, insurance of many types, infotainment, charity, and of course, discretionary spending. It's not difficult through trading to greatly surpass these numbers... https://research.zippia.com/living-wage.html
If you are self employed with a one-man corporation, you can have a 401K and control the investments.
Yeah, I know. Thanks Capt Obvious. He's been "retired" for 20 years. Nobody starts and LLC and calls up Fido Netbenefits to administer a 401(k). Trading a 401(k) is typically limited to longs-only. The VAST majority of 401(k) plans are MF only. Assume he has a pre-existing plan from his days as the CEO of Apple. You would roll it over into an IRA. So let's say the guy has a corp and offers a 401(k)... WTF as the employer would you run ANY investments in a 401(k) over an IRA? You wouldn't. mIRAs allow options/spreads/combos and shorts. The guy can't keep his fiction straight.
If you are trading to replace a 50k a year salary then you aren’t a very good trader. And I don’t mean you aren’t good at picking stocks or whatever; I mean you failed to recognize one of the most basic risk rewards in your life and chose the riskiest option with the least reward.
Use to be an old diner in Truckee that served a pretty good dose of chicken-fried steak, can’t remember the damn name..it’s probably gone and turned into a fluff cafe.
I can't remember the name but it's still there. It was good but they couldn't control the flies so I haven't been back.
Not quite true sir. Even if you are a single person corporation, you can set up your 401K/pension. Lots of physicians do that. Or you can also set up a SEP if you are a sole proprietorship. After I quit my day job years ago, I had a SEP for years.