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re: Expiration of “Trump” tax cuts

Posted on 5/3/24 at 4:12 pm to
Posted by FinleyStreet
Member since Aug 2011
7903 posts
Posted on 5/3/24 at 4:12 pm to
quote:

was under the assumption that the Roth was the way to go….so much so that people are actively converting traditional IRAs to Roths.


I would imagine most people are converting Roths as a bridge from early retirement to 59.5. Or they are in a super low tax bracket. Or they fricked up and listened to Dave Ramsey who for some reason encourages everyone to do a back door Roth no matter what be their financial situation is.

It doesn't make a lot of sense (to me) to fund a Roth in your prime earning years when you're in a high bracket. Roths generally make the most sense when you're in a low tax bracket (i.e. early in your career).
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