Did the Tax Cut change anyone's retirement investing? Given that the Tax cuts expire in 10 years...does it make more sense to go heavy on Roth instead of maxing 401K?
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I can't contribute anything to a ROTH without jumping through 100 hoops anyways so I haven't paid any mind to it. There's no telling what the tax system will look like in 20 years anyways.Originally posted by davbrucasI want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.
Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?
You and slow99 should date. You both have passive aggressiveness down pat.
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Originally posted by slow99 View PostI can't contribute anything to a ROTH without jumping through 100 hoops anyways so I haven't paid any mind to it. There's no telling what the tax system will look like in 20 years anyways.
I would imagine the Tax situation in 20 years is going to be worse than the next 10. But am.i taking a way too simplistic approach to the tradeoff?
You have to treat me like the financial idiot I am and start from level 1.
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Originally posted by Ruffdaddy View PostIf you were a normal scrub like me...would you go Roth?
I would imagine the Tax situation in 20 years is going to be worse than the next 10. But am.i taking a way too simplistic approach to the tradeoff?
You have to treat me like the financial idiot I am and start from level 1.2006 Civic SI
2009 Pilot
1988 GT
CRF50
Widebody whore.
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It's easy to max out Roth. Max it and then go onto the next. Obviously invest in any matched money first. It's good to be diversified in tax deferred and accounts taxed now. Chances of our taxes being lower in retirement are slim to none. To pay for underfunded programs like social security and everything else the govt has to pay for... taxes are going up. The lower class will eventually get a standard basic income from the govt. The Republican party is really killing themselves right now and won't have near the support it should. Both sides are so interested in their own needs that they don't give a shit about the American people
Maintaining a balance of those during are a good idea. It will be nice to have some non taxable income during retirement. It will help overall lower your basis.
No fool proof way to go about it but lots of options.
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Originally posted by beefed88 View PostBut why would it get worse in 20 years when it just got better? I believe over the last 35-40 years tax rates have continued to decrease.
Edit: And your belief about tax rates dropping depends on a whole lot of factors with income level being a big driver.
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If you are smart you will be taking minimum withdrawals in retirement, putting that money, once taxed, right back into the same stock and then living off of a dividend that is taxed at 15 or 20% after one year. Between that income and money from day trading options I hope I’ll be set.Originally posted by racrguyWhat's your beef with NPR, because their listeners are typically more informed than others?Originally posted by racrguyVoting is a constitutional right, overthrowing the government isn't.
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Originally posted by Ruffdaddy View PostDid the Tax Cut change anyone's retirement investing? Given that the Tax cuts expire in 10 years...does it make more sense to go heavy on Roth instead of maxing 401K?
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