Quote:
Originally Posted by Cornstock
With the current tax rate dropping a bit, and taking into account the current political climate, I think the current tax rate is the lowest we'll see for the rest of our lives.
This is pure conjecture of course. But if that is true, it would be advantageous to max out your Roth to avoid paying taxes at a higher rate in retirement. There are nuances to this but I don't feel like getting into that now.
Moral of the story: unless you're reduced to eating ramen until she gets a job, try to max out contributions to a Roth, and make sure you are getting the full max in your 401k.
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It's the lowest you'll see until the Democrats eventually regain control. Do not ever think the rates now are what they will be forever.