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Re: noelan_s09 post# 176893

Thursday, 02/21/2019 7:16:12 PM

Thursday, February 21, 2019 7:16:12 PM

Post# of 425648
Traditional IRAs/401ks work best when you get the tax deduction at a higher tax rate and take the money out at a lower tax rate. If the rate is equal the math says they are both the same, however, the Roth doesn’t have required minimum distributions. Heirs have to take RMDs with either, but not pay tax on the Roth distributions.

The Roth can be very beneficial if you are trying to stay in the 10 or 12% tax bracket in retirement and have long term capital gains and dividends taxed at a 0% rate. However, if you are doing conversions and it is putting you in higher tax brackets you may want to reconsider your strategy.
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