Originally Posted by
Pineapple Guy
If the guy is in a "high" tax bracket today, because he's making $250k+, he's likely gonna be in a "high" tax bracket in retirement. Guys who make $250k while working are likely gonna be making decent six figures in retirement, unless then plan to keep it all inside their IRA and hand it off to the kids.
I disagree. Most people will be making less in retirement therefore should be in a lower tax bracket. Unless he took good advantage of TVM and invested well whether thru luck or skill. I converted everything to a ROTH, and I now firmly believe it was a mistake. A newbie should probably have everything in a ROTH, but at some point (and everybody's point if a little different) those pilots should stop the ROTH contributions and go with a regular 401k and IRA.
Originally Posted by
Pineapple Guy
And considering our government's inability to balance its budget, and our populations general inability to save for retirement, the marginal tax bracket of today's $250k earner may or may not be higher than that same guy's marginal tax bracket in retirement, when he's pulling out $100k.
Diversification. Just something to think about.
Now THAT I agree with. I am still afraid that the morons in DC will become desperate at some point, and means test Social Security and might even go so far as to test the PBGC monies. But overall, you are right, diversify....