Sign up, and you can make all message times appear in your timezone. Sign up
Apr 8, 2021
JuicyJam All-American
My understanding is this sentence is incorrect:
"We pay no income tax on dollars going in, an immediate savings of up to 39.6%, the highest marginal rate."

Maybe this was true 6 years ago when this article was written, but now there are income limits for the tax deduction on IRAs. The limit depends on if you have a work sponsored retirement plan available. There is a good change you wont get the upfront tax savings.

The article also says this:
"If during your retirement years you expect to earn less than ~$90k/year, staying below the 25% tax bracket, then all Long Term Capital Gains and Qualified Dividends are already taxed at 0%."

I'm not convinced you can assume that will be true 20 years from now.
This message has been modified
Originally posted on Apr 8, 2021 at 3:12:51pm
Message modified by JuicyJam on Apr 8, 2021 at 3:16:45pm
Previous username
Bio page
Mar 14, 2016
Last login
May 15, 2021
Total posts
18,787 (359 FO)

Posting on CougarBoard

In order to post, you will need to either sign up or log in.