I had a ROTH 401k before I knew not to take taxes
Post# of 36728
Posted On: 03/12/2014 1:36:57 PM
Re: AmericanSavage #27757
I had a ROTH 401k before I knew not to take taxes first. Invest 1st. 10% off the top for investing first then tax the remainder. It is one way to dump your income down to try and hit the 15% long term capital gain tax bracket >>>> tax is zero then.
However, the contrary argument is you'll qualify for a smaller loan on say a home loan. Also SSI takes your 35 best income years and throws away the rest. These are all the things you have to consider.
However, the contrary argument is you'll qualify for a smaller loan on say a home loan. Also SSI takes your 35 best income years and throws away the rest. These are all the things you have to consider.
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