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re: roth 401k vs regular 401k
Posted on 10/17/19 at 5:59 pm to DeathAndTaxes
Posted on 10/17/19 at 5:59 pm to DeathAndTaxes
quote:
Mind you, his spendable income (Gross Income - Deduction - Taxes paid) over his 30 years of work would have been reduced by $182,403 with the Roth. Netted out, over the course of 60 years the Traditional IRA would have given him $118,743 extra dollars. Less than $2,000 a year.
First off well done.
I will have to take a closer look at it certainly.
But, as far as the above. Why does total taxes matter? Who gives a shite about taxes? I care about net income. If my income is higher with one, that is absolutely the preference.
1
Posted on 10/17/19 at 7:10 pm to baldona
I originally included just the tax difference, but realized that I was inadvertently not telling the whole story, and edited the comment. The additional commentary was to point out that in even in this situation where the marginal tax rate difference at taxation is 20%, an unlikely real life scenario, the difference in net income was small.
Using the more reasonable scenario that I included at the end, the net income difference is $946,044 in favor of the Roth.
Using the more reasonable scenario that I included at the end, the net income difference is $946,044 in favor of the Roth.
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