Note sull'episodio
In this episode Rachael and Matt discuss the traditional versus Roth debate when it comes to retirement contributions. They emphasized the importance of considering individual variables such as tax brackets, income changes, spending habits, and future tax implications. They also highlighted the value of timing strategies and Roth conversions in optimizing tax savings.
Key Points Discussed:
- Traditional IRAs provide a tax deduction in the current year, grow tax-deferred, and are taxed upon withdrawal in retirement.
- Roth IRAs require you to pay taxes in the current year, but offer tax-free growth and tax-free withdrawals in retirement.
- The goal is to pay the least amount of tax, taking advantage of lower tax brackets.
- If your tax rate stays the same, there is no difference between traditional an ...