Quote:
|
Originally Posted by John Run
....However there is a more complicated tax burden scenario to consider. You are making more now than you will in retirement. The tax burden on your earnings now are greater than they will be in retirement because your retirement distributions will be far less than your current income, you will pay less taxes on that money in the future than you would if you take it as net pay now...
|
John - I was under the impression that when you withdrew $$$ from a conventional IRA after you retire, that the tax rate is based on what your highest salary was before you retired - am I wrong? Help please.