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Reply to "Explain like I'm 5... maxing out retirement"
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[quote=Anonymous][quote=Anonymous]I don't think Roth makes sense for me... My tax bracket is 32%, it can't possibly be any worse in retirement right? Seems like I should stick to traditional everything. [/quote] I thought that Roth wouldn't make sense for me since I expect our tax bracket will go down in retirement too, but then I realized that Required Minimum Distributions would derail that idea if we live long enough. Also that your retirement income (including those RMDs) also impacts the cost of your Medicare premiums. Roth income doesn't currently count towards your annual retirement income used to determine your Medicare premiums. (though there's no guarantee that that will always be the case--or that Roth won't also someday require RMDs too.) There are other considerations which can make Roth options more valuable in the long-term than a first glance might suggest. [/quote]
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