Latest News
5 Little-Known Roth IRA Tax Considerations
Is it better to save for retirement in a Roth IRA or a traditional IRA? Spend a little time researching this question, and you’ll learn an interesting mathematical truth: If your tax rate is the same when you make contributions as it will be in retirement, there’s no difference between a Roth and traditional IRA (or 401(k) for that matter).This mathematical truth leads to a quandary: How can we possibly know today what the tax rates will be decades from now? We can’t. Not only is the tax code likely to change, but our income levels are likely to change…Read More
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.