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Im 25% right now. What makes you think the tax bracket can be lower when you retire?
Having a hundred bucks to spend....wouldn't you rather invest it in the market vs. put it in your 401k? Its going into funds either way but investing it in something like VTI would have bigger returns right?
Im 25% right now. What makes you think the tax bracket can be lower when you retire?
Having a hundred bucks to spend....wouldn't you rather invest it in the market vs. put it in your 401k? Its going into funds either way but investing it in something like VTI would have bigger returns right?
I have Vanguard as my 401(k) provider so its the best of both worlds...
Just to be correct, 15% tax bracket for married couples is 70,700 maximum, correct?
Im 25% right now. What makes you think the tax bracket can be lower when you retire?
Having a hundred bucks to spend....wouldn't you rather invest it in the market vs. put it in your 401k? Its going into funds either way but investing it in something like VTI would have bigger returns right?
When I retire, we plan to redraw $60K per year in todays money, so that tax bracket is 15% now. I don't know if tax bracket goes up in the future. Noone knows, I guess.
Sending the extra $100 to 401K reduces your taxable income. Investing the $100 in VTI you pay taxes on it when you sell. Also, in your 401k account you may have a total stock market index to take advantage of.
I guess the VTI would have bigger returns, depends on how your 401K is allocated with bonds to equities mixture.
When I retire, we plan to redraw $60K per year in todays money, so that tax bracket is 15% now. I don't know if tax bracket goes up in the future. Noone knows, I guess.
Sending the extra $100 to 401K reduces your taxable income. Investing the $100 in VTI you pay taxes on it when you sell. Also, in your 401k account you may have a total stock market index to take advantage of.
I guess the VTI would have bigger returns, depends on how your 401K is allocated with bonds to equities mixture.
Does your money get taxed in the stock market in a taxable account or is what you gain taxed?
When I retire, we plan to redraw $60K per year in todays money, so that tax bracket is 15% now. I don't know if tax bracket goes up in the future. Noone knows, I guess.
Sending the extra $100 to 401K reduces your taxable income. Investing the $100 in VTI you pay taxes on it when you sell. Also, in your 401k account you may have a total stock market index to take advantage of.
I guess the VTI would have bigger returns, depends on how your 401K is allocated with bonds to equities mixture.
That means about 1.2mil in todays dollars for a 401k
Roths win over taxable accounts regardless. I advocate roths first over taxable. Next i advocate taxable for equities only, then traditional vs roth will be case by case to see which is better.
401k is great for income stuff, taxable better for only equities
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