That’s lower than 35%.Assuming I were to save nearly half my income currently and my future spouse and I were to save half of our income per year (expected 600K/yr between us both, so 300K saved), could it get to a point where our RMDs are already requiring us to remove an amount in the 32% range?Because you are in the 35% bracket now. There’s only one higher bracket and it starts at like $600k a year. You aren’t going to be pulling that much out a year in todays dollars in retirement. Odds are much higher you would be in lower bracket.Hi sorry. I never got the notification of this reply. How would it be impossible for me to be in a higher bracket in retirement? Wouldn’t my existing accounts increase the amount I would withdraw when RMDs are required?As you will be in a very high tax bracket, you will want the up front tax savings of a Traditional account. It is nearly impossible for you to be in a higher bracket in retirement.
If I were to own properties, wouldn’t that also increase the amount of income I have?
Statistics: Posted by the_wiki — Thu Apr 11, 2024 1:23 am — Replies 7 — Views 492