|
Re: The Investment Thread (help with savings, stocks, retirement funds, etc.)
Quote:
Originally Posted by thebridge15
Right, so the idea is that you'll withdraw when you aren't actually earning income so Roth will be the same?
As in, if you aren't in a high tax bracket right now Roth is the way to go?
|
no, with traditional the money your withdraw is taxed at that yearly rate. if you withdraw $70k a year from your account it'll be taxed at the $70k rate
with a roth, it's tax now (at say the $50k rate) and then if you want to withdraw $70k/year or $20k/year there is no tax at all since you already paid it
Last edited by unccrombie; 09-12-2013 at 07:52 AM.
|