Originally Posted by
Scoop
In the end its all taxable. We have a 20+T National Debt. The Govt will take their cut either way, now or later, and we have no idea what the rates will be in the future.
Its good to have some tax deferred vehicle but its also good to have some post tax money that would be much harder for Uncle Sam to get his mitts on.
I am fine with paying taxes now on the excess and then putting it to work, under my mattress, in a jar, buying rental properties etc.
Anyone who thinks they will not be paying taxes on any of their income is being rather naive. And yes, I realize most will be making a lot less in retirement but nothing is a given especially tax rates.
Scoop
This times 1000x. The focus should be overall investment gains not saving taxes. If saving taxes betters your investment gains that's icing on the cake but you shouldn't be focused on saving taxes if it will hinder your investment performance like a MBCBP targeting 5% returns.
An easy example of this is a pilot who moves to TN or FL from Atlanta solely to boost his income because he saving X% taxes in taxes but loses more than X% in pay due to lost last minute GS opportunities.
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