The Ultimate Traditional vs. Roth 401(k) Strategy
The Money with Katie Show
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How to Calculate Your Tax Rate in Retirement
The average earner who works for 25 years or 40 can we test how their tax rate would change in retirement? Yes. Someone making $60,000 per year which is in line with the median salary in the United States. After tax their monthly income would be about $4,000. In reality this individual would not be able to afford to retire yet at 50 years old because they would only be able to cover roughly 53%.
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