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re: Income Tax in Retirement Questions
Posted on 5/27/16 at 8:40 am to baldona
Posted on 5/27/16 at 8:40 am to baldona
Someone stop me if I'm stupid.
Volvagia's argument is to take 401k first because you've already received the benefit by lowering your present day taxes, so keeping it in longer doesn't bestow any more benefits.
Your Roth money has already been taxed, it's benefit is the non taxing of gains, which are received as long as it stays in the account, therefore, it should stay in longer.
As for, "not getting the benefit at all" well you do receive a benefit if you die with money in your ROTH, that is, that money has grown more to be inherited by your heirs if you're into that sort of thing I suppose. But either way what benefit would you receive if the opposite were true? You're fricking dead.
Volvagia's argument is to take 401k first because you've already received the benefit by lowering your present day taxes, so keeping it in longer doesn't bestow any more benefits.
Your Roth money has already been taxed, it's benefit is the non taxing of gains, which are received as long as it stays in the account, therefore, it should stay in longer.
As for, "not getting the benefit at all" well you do receive a benefit if you die with money in your ROTH, that is, that money has grown more to be inherited by your heirs if you're into that sort of thing I suppose. But either way what benefit would you receive if the opposite were true? You're fricking dead.
This post was edited on 5/27/16 at 8:45 am
1
Posted on 5/27/16 at 8:53 am to Teddy Ruxpin
quote:
As for, "not getting the benefit at all" well you do receive a benefit if you die with money in your ROTH, that is, that money has grown more to be inherited by your heirs if you're into that sort of thing I suppose. But either way what benefit would you receive if the opposite were true? You're fricking dead.
Is any non-Roth 401K money, left over after you die, taxed as normal income to your heirs?
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