The Wise Investor Show

On this week’s show, the Wise Investor Group gives advice on whether you should save into the Roth IRA/Roth 401(k) or Traditional IRA/Traditional 401(k)? What else goes into the decision for you beyond will your tax rates be higher or lower for you in the future? 1) Your income level 2) Plan Participation 3) Age restrictions 4) How do you feel about required distributions? 5) Your need for liquidity prior to age 59 1/2 6) Are charities your beneficiaries or people? 7) Who pays more in taxes, on average – you or your kids? 8) Do you worry about future tax rate fluctuations? 9) Do you worry about the Gov breaking the Roth IRA promise? 10) Do you wish you could effectively more for yourself? 11) Might you retire from a high income tax state to a low tax state? 12) Might you have Roth IRA conversion opportunities in the near future? Some or all of these might matter to you and help you formulate your decision on what type of account to save into. To reach Greg Smith, call 571-203-1600. We manage investments fo