I have read and heard *alot* about the possibility of *higher* , not lower, taxes at retirement, making me think hard as to whether I should keep maxing my 401k or not. I wonder about this new idea that everyone should put the minimum 401k to get the max employer match, max out a RothIRA, then put all the rest in aftertax low cost investments (ie, Vanguard total market funds,etc). How likely is it that most people will pay *more* taxes after retirement than they are now (while working)
I bring in about $100-120k a year, age 43, and have been maxing out my 401k for a number of years, and just last year made the decision to also fund 2xRothIRA's fully each year as well (one for myself and one for my wife). Should I keep maxing my 401k or use this alternate plan so many books are pushing aound ?
Tnx! Confused!
2007-03-03
16:38:57
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4 answers
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asked by
Pythagorus
1