that's a very good point. I'm not sure what my current
Posted on: April 25, 2017 at 09:08:13 CT
CulturedDan
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strategy should be since I have no freakin' idea what my retirement tax level is going to be. At the moment, I'm currently doing ~10% in my company 401k (company matches 50% up to 4% of my withholdings) and ~5% into a Roth. I do that b/c I know I probably want some tax diversity 35 years from now, just not sure how much.
If the changes are made, I'll definitely have no incentive to keep contributing to my Roth account (other than access to funds my work plan doesn't have). It will suck in the short- term, but should pay off in the end (the 15% tax mentioned in the next paragraph after what I pasted would suck).
One thing I haven't heard with the lowering of the corporate tax rate (which I support) is a closing of most of the tax loopholes on depreciation and inversion, something both conservatives and liberals both don't like, and would mitigate some of the revenue losses.