Quote:
Originally Posted by kylebuck
Looked at IRA and 401k but let's be honest that's just kicking the can way down the road for me to deal with in 20 years.
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Not really. The investments in a tax deferred account grow faster using the tax savings as part of the growth strategy. This offsets a lot of the future taxes.
In my case, my income is less now that I’m retired. Running a tax calculator showed no significant tax advantage for me to rollover money into a Roth this late in the game. Your mileage may vary.
Edit: I’ve heard of some people using insurance policies to get tax breaks. They borrow against the policy tax free.