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Brown Cafe UPS Forum
UPS Retirement Topics
I need advice on 401K
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<blockquote data-quote="IVE GOTTA PACKAGE 4U" data-source="post: 1736139" data-attributes="member: 45051"><p>Let's try this example. If you contributed 100k during the course of your career at the 20% tax bracket you saved 20k in taxes. Now let's say your ending balance is 300k and you are still in the 20 bracket you would pay 60k in taxes.</p><p></p><p>Take 60k minus the 20k you originally saved. That means you paid 40% on the original 100k</p><p></p><p>Take the same example with the ROTH.</p><p>You paid 20k in taxes on the same 100k </p><p>But now its worth 300k no taxes due.</p><p></p><p>Now take 300k ÷ 20k. Less than 7%</p></blockquote><p></p>
[QUOTE="IVE GOTTA PACKAGE 4U, post: 1736139, member: 45051"] Let's try this example. If you contributed 100k during the course of your career at the 20% tax bracket you saved 20k in taxes. Now let's say your ending balance is 300k and you are still in the 20 bracket you would pay 60k in taxes. Take 60k minus the 20k you originally saved. That means you paid 40% on the original 100k Take the same example with the ROTH. You paid 20k in taxes on the same 100k But now its worth 300k no taxes due. Now take 300k ÷ 20k. Less than 7% [/QUOTE]
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I need advice on 401K
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