West Tennessee | JD7430 - 1/21/2014 08:09
When i started to fund mine I was saving paying taxes at 18 to 20% rate now when i want to take it out the tax rate on mine is 38%.
You would also need to figure in time value of money on all the growth that you never paid taxes on along the way. Congratulations on having over $400,000 per year in taxable income but most people won't ever see that happen. Just because it didn't work out for you doesn't mean it's not a good idea for another. I could give lots of examples of how it worked out well for people. I've even seen people deduct it going in but never pay a penny (or very little) on it coming out. |
Thoughts on IRA's
