Contributions to Your 401(k). The 401(k) plan contributions you elect to make come directly out of your salary. Since the contributions are made with pre-tax dollars, your employer does not include these amounts in your taxable income for the year.he contributions that you make to a 401(k) plan only reduce your income taxes, not your Social Security and Medicare taxes. These two taxes only apply to your earned income, but you do not get to claim any deductions before these taxes are assessed.
The average cost to build a log home in the U.S. is approximately *$150.00-$200.00+ per square foot turnkey. The square footage you need to be concerned with is the actual living area on the main and second floor if applicable.- Do the work yourself if you have the time and knowledge. 30-40 percent of the final cost of a log home is labor. 3- Serve as your own general contractor, but keep in mind that you will need to hire and schedule all subcontractors.
This is not an accurate way to judge the cost of your finished log home. For instance, one package may sell for $30,000 and another of $60,000, but the less expensive package may well have fewer materials furnished.Thus you have a range of $90,000 to 180,000 for a completed home which are both the same size.) To get an idea if you can afford a log home, you need to check building costs in the area in which you plan to build. If nice, custom homes are being built in your area for $125 per sq. ft. then you can use this as a guide. However, if this seems feasible, then start shopping for a log package and a builder.