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      01-23-2020, 12:24 PM   #75
Patrick303
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Quote:
Originally Posted by zx10guy View Post
I looked at doing this but decided it wasn't worth it for me based on my limited expertise in this field. Right now, I have the privilege of being in a pretty high tax bracket. I'm leveraging the tax deferred options to the max that are available to me to lower my taxable income now. Based on my living habits, I'm banking on being able to live on the draw where my taxable income during retirement would be below the threshold where I get nailed with high taxes then. But it's all speculation on my part. I may be right and I may be dead wrong in my assumptions.
There are other benefits of having a ROTH IRA other than just tax free withdrawals in retirement. You can access your invested funds without penalty in an emergency, no required minimum distributions, if your kids inherit the balance of your ROTH it is tax free, and it can reduce your Medicare Part B premiums.
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