On the "will tax rates go up", it's important to realize that if the US Debt / inflation situation continues on the current path, we may find ourselves in tax brackets that we use to think of as "rich people rates" when it only affords a middle-class lifestyle. Ten years ago a six-figure income was really something. Now it's just making it.
WHEN THE TAX RATES INCREASE BY 20% TO TRY AND MANAGE THE INSANE 36 TRILLION DOLLAR NATIONAL DEBT, MOST OF YOU WILL WISH ALL OF YOUR RETIREMENT ASSETS ARE IN ROTH. THE 'NO" AGE IS OVER 90, DEPENDING ON THE COSTS TO CONVERT.
On the "will tax rates go up", it's important to realize that if the US Debt / inflation situation continues on the current path, we may find ourselves in tax brackets that we use to think of as "rich people rates" when it only affords a middle-class lifestyle. Ten years ago a six-figure income was really something. Now it's just making it.
Hi Chris McIntire! Thanks for sharing! I'm assessing a Roth Conversion, from my 401k this year 😎🏆
How come you didn't say anything about the 5 year wait rule? If I'm 70 and decided to open Roth IRA, I can't touch it for at least 5 years, or age 75.
Great information as always!
What does the title of the video have to do with the content in the video?
Too bad the video does not answer the question proposed. "It depends" is not an answer. Change the title.
WHEN THE TAX RATES INCREASE BY 20% TO TRY AND MANAGE THE INSANE 36 TRILLION DOLLAR NATIONAL DEBT, MOST OF YOU WILL WISH ALL OF YOUR RETIREMENT ASSETS ARE IN ROTH.
THE 'NO" AGE IS OVER 90, DEPENDING ON THE COSTS TO CONVERT.