Tax Bracket Archives

Having A Lower Tax Bracket Is One Of The Best Reasons To Contribute To A Roth 401(K)

Consider switching to a Roth 401(k) instead of a standard 401(k) if your income falls in a lower tax bracket.

If your marginal tax rate is now lower than it will be in retirement, it makes financial sense to make Roth contributions. This is generally the case for workers in their early careers on minimum wage.

Tax Deadline Approaching, How Much Money Do You Owe?

Taxes might significantly reduce your retirement income. The greater your retirement income, the greater your tax liability, and this causes a greater proportion of your hard-earned money to be utilized to pay taxes. Continue reading to see how different types of retirement income are taxed.