• The KillerFrogs

Has anyone seen my specialty plates?

Mean Purple

Active Member
We have Roths. Mostly because that’s what our money guy suggested. But also because trusting your money to Ira Roth just sounds like a wise choice. Also secretly hoping for Van Halen tix discounts.
My advisor says the same. Key to that is what @froginmn mentioned about getting hit more due to the earnings on the back end.
I'm getting to that stage of the career where my money still needs to work for me, but I also have to protect more against "losses". Especially since I went through a divorce in recent years. The planning had to be adjusted some.
 

Ron Swanson

Full Member
Since we're growing up, I'd like your thoughts on traditional versus Roth IRA. The conventional train of thought is to put money into a traditional pre-tax IRA if your tax rate is higher now than it will be in retirement.

Some public voices are now saying that since contributions AND earnings in a Roth come out tax free, Roth makes sense for most everyone regardless of income. Pre-tax IRA contributions reduce your taxable income going in but both contributions and earnings get taxed on withdrawals, so even at a lower rate you can end up paying more taxes than with a Roth.

Thinking I should put everything into Roth. Why wouldn't that make sense?
I do half and half

I figure that way I can’t be more than half wrong.
 
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