Originally Posted by
kwri10s
This is a common misnomer that used to apply years ago. Now days if you retire with a retirement plan like we have, your tax bracket will either be the same or maybe 1-2% lower. There is no reason to wait for tax savings down the road. They won't be there.
When you retire you will lose most of the deductions you were accustomed to having while working.401(K), business deductions, state income tax(where I live), and interest on your home as hopefully it will be paid off. In our fifth year of retirement and we are paying the same rate we did the last year I worked.