In this episode, I dive deep into the age-old debate: Roth vs. Traditional accounts. Many people assume that Roth is the way to go because they believe taxes will rise in the future. However, this episode aims to clear up common misconceptions and help you understand the nuances of effective tax planning for retirement:
- How tax deferral works with Traditional 401(k) contributions
- The benefits of Roth accounts, including tax-free growth and no RMDs
- The impact of Required Minimum Distributions (RMDs) on your retirement planning
- Strategies for Roth conversions and timing your tax payments
- The importance of tax diversification and effective tax rate management over your lifetime
---------
✅ Financial planning for 30-50 year old entrepreneurs: https://www.allstreetwealth.com
✅ My personal blog & newsletter: https://www.thomaskopelman.com
Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.
