Originally Posted by
Tokyo
You want to pay more taxes now (while in a presumably higher bracket) instead of being taxed later (when retired and in a presumably lower bracket)? That's is the essence of what you would be doing.
Unfortunately we are not going to be in a lower tax bracket. Sylvia at Schwab (paid for by ALPA) has me "earning" $250k in retirement. So pay now or pay later. I chose now, because i can see the govt in 20 years saying "we know we said it wouldn't be taxed, but we're broke and you're "rich", so we are going to tax your Roth". Don't think it can happen? Look at what Obama floated a few years ago with the 529 plans--wanted to tax them. Lots of middle class people had 529s and screamed bloody murder and he backed off. Might not be enough rich screamers in future to prevent....