Investing - Theory, News & General • What good is tax deferred?

I deferred my savings into my 401k at a marginal rate of 22% (I'm a retired nurse).

I'm now filling the 0% (standard deduction), 10% and partially the 12% tax brackets with withdrawals for Roth conversions, which will grow and be withdrawn tax free.

I'm not spending any of my tIRA now, but I'll be living off little bits before RMDs at 75, so hopefully that will soften the RMDs. That will be taxed at 15% under the current law.

So all in all, a good deal.

Statistics: Posted by Charles Joseph — Sun Mar 03, 2024 5:04 pm — Replies 58 — Views 6015

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