Attention retirement savers!

If you don't expect to accumulate tens of millions in your retirement account, you may want to stop contributing to a Roth. That's right, I said tens of millions.

Roth accounts can be a fantastic wealth accumulation for some, and an expensive mistake for others.

In this episode, we discuss what many people, including many professionals often miss when it comes to deciding whether or not to contribute on a pre-tax basis, or after-tax basis to a Roth.

More specifically, Cameron discusses:

• The common errors people make when trying to determine whether or not to go Roth.
• 3 major factors that contribute to your future tax situation
• The impacts of taxation at marginal vs. effective tax rates
• An example case study of a high earning married couple
• A shocking reality for some making the case for Roth contributions
• An alternative example for our case study that reflects most people's reality

Key moments:

(01:05) The Critical Math Most People Miss

(02:30) The Real Decision Factor: Your Personal Future Tax Situation

(04:12) Three Key Questions to Ask Yourself

(05:15) Understanding Marginal vs Effective Tax Rates

(06:28) High Earner Example: $500K Income Analysis

(08:36) The Shocking Reality: $40 Million Required to pay 32% in Fed Taxes

(09:55) Realistic Retirement Scenario: $240K Annual Spending

(12:25) The 32% Tax Rate Scenario Breakdown

(14:54) Why You Need a Financial Plan

Resources From The Episode:

• Retired-ish Newsletter Sign-Up
• Get Show Notes Here