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Started By
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re: Am I over thinking this...Roth v. Traditional IRA
Posted on 9/6/18 at 8:31 am to TorchtheFlyingTiger
Posted on 9/6/18 at 8:31 am to TorchtheFlyingTiger
I'm actually in the 25% bracket. One you take in account federal and state rate, I pay in about 33%. Should have clarified.
"However, you're personal tax rate isn't likely to be as high as it is today. I'd probably the tax benefit now since you'll probably be in a much lower bracket in retirement compared to that current income."
This is my thought also.
"However, you're personal tax rate isn't likely to be as high as it is today. I'd probably the tax benefit now since you'll probably be in a much lower bracket in retirement compared to that current income."
This is my thought also.
2
Posted on 9/6/18 at 10:17 am to ChandlerB03
I feel like everybody is overthinking this. You have 31 years till you are 65. If you put in $5500 this year in a roth and didn't touch that account again, it should be worth at least $65K. I don't care what bracket you are in, I would rather pay tax on $5500 than $65,000.
Posted on 9/6/18 at 4:40 pm to ChandlerB03
Also with a Roth you can leave it your heir(s) and they can use all the money tax free 
This post was edited on 9/6/18 at 4:41 pm
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