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Topic | Everyone's 401ks are down right? |
Darkman124 11/20/18 11:47:55 AM #36: | P4wn4g3 posted... Darkman124 posted...Anisoptera posted...what happens when you change jobs, but the new job doesn't do 401k or uses a different company for retirement funds? because taxes are historically low and most users here are early career-ish, so the difference between their top marginal tax rate now and the lowest one when they retire is probably less than the 15% capital gains tax rate avoided by a ROTH IRA. also you can technically draw down from a ROTH earlier, by taking "loans" from it up to the initial principal. so if you retire at 60, and put $500k into a ROTH IRA that is then worth $2 mil, you can take up to 500k out of it tax free to live off of until you hit 65 and can then draw from the rest trad IRA/401k early withdrawal penalties are a much bigger pain to deal with + it's fairly necessary to have a ROTH if you plan on drawing more than 30k/year as a married couple; the benefit of a 401k is pretty minimal if you exceed the 15% tax threshold when withdrawing since then you're only deferring taxes, not avoiding them e: under the new tax law the 30k income married couple tax rate is 12% not 15%. --- And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not. ... Copied to Clipboard! |
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