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Pretax vs Roth- Which is Better for You If You're in the 24% Tax Bracket?

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Manage episode 380678924 series 3307298
Content provided by James Conole, CFP® and James Conole. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by James Conole, CFP® and James Conole or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

If you're in a high tax bracket now and expect to remain in a high tax bracket after retirement, should you prioritize pre-tax retirement accounts or Roth retirement accounts for individuals?
James answers this and discusses various factors to consider in making this decision, including current and future tax brackets, required minimum distributions (RMDs), charitable giving, life expectancy, and the impact on heirs. Using a real-life scenario, James offers a thoughtful approach to help you make an informed decision based on your unique circumstances.
Questions Answered:
Should individuals in high current tax brackets prioritize pre-tax retirement accounts or Roth retirement accounts?
What impact will required minimum distributions (RMDs) have on your future tax situation?
Timestamps:
0:00 Intro
3:48 Considering Roth contributions
7:05 Example
13:25 Charitable giving
15:42 Life expectancy
18:18 What about your heirs?
20:52 Outro

Create Your Custom Strategy ⬇️

Get Started Here.

  continue reading

Chapters

1. Pre-Tax vs Roth Retirement Accounts (00:00:00)

2. Considering Roth Contributions for Retirement Planning (00:03:48)

3. Pre-Tax vs. Roth Accounts and Charity (00:14:00)

4. Podcast Announcement and Call to Action (00:20:54)

219 episodes

Artwork
iconShare
 
Manage episode 380678924 series 3307298
Content provided by James Conole, CFP® and James Conole. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by James Conole, CFP® and James Conole or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

If you're in a high tax bracket now and expect to remain in a high tax bracket after retirement, should you prioritize pre-tax retirement accounts or Roth retirement accounts for individuals?
James answers this and discusses various factors to consider in making this decision, including current and future tax brackets, required minimum distributions (RMDs), charitable giving, life expectancy, and the impact on heirs. Using a real-life scenario, James offers a thoughtful approach to help you make an informed decision based on your unique circumstances.
Questions Answered:
Should individuals in high current tax brackets prioritize pre-tax retirement accounts or Roth retirement accounts?
What impact will required minimum distributions (RMDs) have on your future tax situation?
Timestamps:
0:00 Intro
3:48 Considering Roth contributions
7:05 Example
13:25 Charitable giving
15:42 Life expectancy
18:18 What about your heirs?
20:52 Outro

Create Your Custom Strategy ⬇️

Get Started Here.

  continue reading

Chapters

1. Pre-Tax vs Roth Retirement Accounts (00:00:00)

2. Considering Roth Contributions for Retirement Planning (00:03:48)

3. Pre-Tax vs. Roth Accounts and Charity (00:14:00)

4. Podcast Announcement and Call to Action (00:20:54)

219 episodes

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