I do roth if I go below 32% bracket and switch to traditional if I hit 32% marginal bracket or higher depending on each years income. Easy peezy.

My only comment is this.. how can you possibly answer this question without showing a single number on the screen? You can’t philosophize about finance.. you need to run spreadsheets or other models…

Sadly, reality means almost no one will invest the money they are saving from the tax break with traditional methods. Like many advisers, they often leave out the human factor.

Another thing folks don't consider is that money in an IRA or 401k does not qualify for capital gains tax rates but it's instead taxed as regular income.

This is SO bad advice. If you did not contribute the same amount and contributed less in the Roth cause you had to pay taxes on the income, it will be a wash. Or the same amount. (Just do the Math). But if you contributed the same amount, then Roth is such a better solution. Why? because for both, because of compounding, when you retire, the compounding will have grown the portfolio MUCH larger than the amount you had contributed. BUT the Roth withdrawals will be tax free, the traditional will NOT. So, what ever you hear, read on the Internet, just do the math and you will be better off.

I think CA residents paying tax in the higher marginal brackets are more likely to defer taxes in the Traditional 401k. I guess the main question is do you want to pay taxes 'top down' now at your marginal rate or 'bottom up' later...maybe taking state taxes out of the equation? I like Katie's strategy of maxing out 401k deferral and taking the immediate tax savings to contribute to Roth IRA.

It is always a highlight of my week seeing Paula on KZbin.

Affordable care act subsidies is a concern with traditional

Ed Slott rolling in his grave

This whole podcast was ‘building the plane while you fly’. On one side, I love the entrepreneurial continuous learning but be a bit caution on where you get what advice. Some of this was basic tax knowledge (for an expert podcast level) and the answers were struggles. Painful to watch at times.

what it boils down to: everyone wants an answer to what they should do without having to do the work of examining their personal situation. do the work. spend the effort. you just might find out your assumptions/conclusions are wrong. anyone who tells someone else that one is always better than the other is just wrong.

Hopefully social security will be there. As to population we can take care of that through immigration letting more or the right amount of people in even with just green card.

What's the reason for the presence of lesbians there?

The problem is when the core is sacrificed in an attempt to get new customers.... AKA Star Wars, Star Trek, Bud Lite...

What about people who live abroad…where their money goes further? Is she assuming that everyone will stay within the U.S.?

"Beware of anything that anyone tells you when they have no accountability for the outcome". Mic. Drop.

Thank you. I've been trying to learn about this. Very clear and understandable discussion for newbies.

One of the most important and informative interviews for Employees. Keep sharing more content like this? Thank you Paula!!!

Watching this, as am considering doing, what Betty did, buying a 2 family income, in addition to my own homestead.

~46min Hashicorp mentioned, but IBM bought them. I doubt they offer Hashicorp employees a different plan than the rest of IBM.

White Christopher Thomas Nancy Lopez Christopher

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Garcia John Johnson Matthew Johnson Melissa

Wow Ignored this entirely with my company

Or, America can make its own stuff, and not fund country's that view us as the enemy, not put poison in the pet food, not import drywall that emits toxic fumes, not use lead paint on the baby toys. etc... Just a thought. Didn't China threaten to withhold medical items?

I love seeing Paula on KZbin.

I’m 58 and I have been looking for an answer to this question! But I do have debt - a lot of debt

Regarding the Mexico fellow, we stayed on a tourist visa while "living" with daughter in Dallas. How would your financial institution find out that you live out of the country?

This is such a great interview

Unexpected consequences from quitting the capitalist rat race and retiring? Happiness, good health, no stress, and freedom.

That triplex, equivalent to a $750k retirement, is also her home so, not so much. She would need another house or apartment if she was to sell it. But, if she can live on that $30k, she can always take her Sicisk Security early which would be about $1600. Then her savings and retirement are additional security.

Young Christopher Moore Charles Davis William

I watched her on the breakfast club and she did a good job but after seeing this… A lot of self promo. Bad advice about fire. Bad advice about mutual funds. Very arrogant and detached from reality. And a lot of self promo… My take away is this. Steer clear of her advice!!

"What got you here, won't get you there" says the guy who wants 1% of your portfolio and knows he can never consistently outperform the market. I'll stick with my index funds thanks. Your advisor had better be bringing more to the table than investment advice to be worth the fee

Wow. Strongest note on VTSAX, love the FIRE comment! I jumped up; love the food for thought!

A young person’s saving rate is far more important than rate of return.

What’s your recommendation for a 50 year old who has been investing with VTI and chilling???

Wow, what a crazy good interview. A supercommunicator interviewing a supercommunicator about how to be a good supercommunicator! I feel like I should re-watch this annually just to refresh.

Why is 30 yr loan better ? U would pay a lot more interest over time reducing the equity of the home

What happens when the she gets a few bad renters who wreck her house and leave. My last renter took 6 months to evict after not paying rent for a few months before. Then they wrecked my home about $12k in damage. I talked to a lawyer and he said I could sue her, but what makes me think she would pay that when she couldn't pay rent, especially after I told him she was trying to get SS since she got hurt and couldn't work.

Most people do t know, taxes are due quartly, Medicare Part A, is at no cost, part part B costs vary from about 180 to 480 per month, plus you have to pay the portion it doesn't cover, sad but true, their retiree friends don't tell them the truth, I guess they are lonley, and need more suckered to be friends.

What does „IR Roll Latte“ thing means at 59:08? Of course I get the „meaning kind of like“ but I dont get the IR translation. Would s.o. be so kind to assist? Regards & thanks from Germany, Kirsten

OMG people, female type people are soooo dramatic.

Warren has a lot of junk food companies which unfortunately contribute to the poor health of Americans

As a remote worker myself - i find this mindset of "remote work = good" highly problematic. People who make the foundation for us to be able to work like this, still are more usefull to society then us.