If I am putting the max $26K+ per year into a regular 401K I like the tax break ($500+/month?) but the future tax hikes could really hurt the retirement account value as it is pulled out.
Also the company's match portion has to go to the regular 401K side anyway which is $10-20K depending on ESOP
And my total regular 401K balance is high enough since it will likely double by the time I retire in 10 years +/-. I'm thinking I need ways to offset how much I pull out at a time to work around SS and Medicare fees.
My worry is the commies may end up finding a way to tax Roth accounts as well in the future ??
Paying more taxes now sux but I think I need to take the hit correct ??? The AARP calculator keeps saying it is about a 5% better overall return to go with traditional but I don't think that accounts for flexibility savings
This is interesting and I am guessing the more you make the more it is true
https://docs.google.com/spreadsheets/d/1EZ4ig90jgVgAnPKzBxbM1uPSO8mu5dWiHbXkV0cUicU/edit#gid=0
Edited by TigerFan92 at 13:24:40 on 12/14/20