Future tax rates are where?
By CHM on Jul 28, 2007 in Roth IRA Rules, Traditional IRA | 1 Comment
Subscribing to my site guarantees you don't miss any new content. Choose either E-Mail Feed or RSS Feed. Thanks for visiting!
The way it is right now, your regular IRA and 401K monies are all growing in tax deferred accounts.
But when its time to take the money out you will be taxed at your future tax bracket on every cent of that distribution; distributions from a traditional IRA are treated as ordinary income.
That’s a bitter sweet pill to swallow after making IRA contributions and doing the right thing for so many years.
