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Personal Finance and Investing

Common Sense Party

(14,139 posts)

7. If only two years, you're right, your rate may not rise much anytime soon.

Reply to question everything (Reply #6)

Mon Jan 21, 2013, 11:58 AM

Jan 2013

But since withdrawals from IRAs are taxed at ordinary income tax rates, it definitely will impact your income if tax rates go up in ten or fifteen years (which they must if we're ever going to pay some of our massive debt).

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Just found out that the maximum amount allowed for IRA contribution is up [View all] question everything Jan 2013 OP

Good. elleng Jan 2013 #1

That's nice. SheilaT Jan 2013 #2

Yes does include Roth IRA question everything Jan 2013 #3

I have only a Roth, SheilaT Jan 2013 #4

How do you know you will be in a lower tax rate in retirement? Common Sense Party Jan 2013 #5

I will not be drawing a salary. question everything Jan 2013 #6

If only two years, you're right, your rate may not rise much anytime soon. Common Sense Party Jan 2013 #7