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Spitballing Retirement Planning in Your 30s - 391

Your Money, Your Wealth

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What Are the Tax Free Dollars?

If you start now with what to get the cow pounding effects of tax free dollars at 30 years old over the next 20, 25 years. So then every additional dollar that you're going to be pulling out of your 401ks and IRAs and everything else is going to be taxed at ordinary income. For those who don't have a pension, I need to save at least a million to 1.2 million dollars saved to create the income that your pensions are going to give. That's equivalent to having an IRA of a million 250 because that would be a 4% distribution rate. You kind of want to get as much in the Roth as you can. All right. Thanks for the call

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