Tax Deferred Accounts During Your Peak Earnings Years

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If you are in the 35 % bracket right now, chances are very good you are not going to have enough retirement income income during retirement. Most people will be withdrawing that money at a lower tax rate in retirement than their peak earnings years. Even though with the tax deferred account you pay more in tax at withdrawal than you would have paid before you contributed the money, you end up with the same amount of money after tax. Is just math. That's the way it works. It doesn't matter whether you use a tax deferred account or a tax free account if the rate at withdrawal is precisely the same as the rate at contribution.

This episode is all about retirement accounts. We are answering your questions regarding TSPs, what to do with old retirement accounts, how to set up retirement accounts, Roth conversions, Backdoor Roth IRAs and so much more.

We have a number of great resources on the WCI blog regarding retirement accounts and financial advisors that can help you make a financial plan. Check out the recommended tab on the blog https://www.whitecoatinvestor.com for recommended financial advisors and retirement accounts.

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