Reported 26 days ago
In a recent segment of Decoding Retirement, Robert 'Bob' Powell and Professor Charles Chaffin discussed the choice between a Roth 401(k) and a traditional 401(k). If you anticipate being in a lower tax bracket during retirement, a traditional 401(k) might be preferable due to lower taxes on withdrawals. Conversely, if you expect a higher tax bracket in retirement, a Roth 401(k) may be advantageous as it allows tax-free withdrawals. This guidance assists viewers in making informed retirement planning decisions.
Source: YAHOO