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In this episode of "Do More With Your Money," host TJ van Gerven discusses the differences between Roth and traditional contributions for high-income earners. He explains the tax implications of both and how one's current and future income tax bracket can influence the decision. He also touches on the potential for future tax rate increases and the concept of Roth conversions or backdoor Roth contributions. The episode emphasizes that choosing between Roth and traditional contributions is a personal decision based on individual tax situations.
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In this episode of "Do More With Your Money," host TJ van Gerven discusses the differences between Roth and traditional contributions for high-income earners. He explains the tax implications of both and how one's current and future income tax bracket can influence the decision. He also touches on the potential for future tax rate increases and the concept of Roth conversions or backdoor Roth contributions. The episode emphasizes that choosing between Roth and traditional contributions is a personal decision based on individual tax situations.