Basically the agreement with the Federal Government was that “Hey, we won’t charge you today on this money- but you give us the right to tax you at whatever we want to down the road.” Historically the top marginal tax rate has averaged almost 59%. Today we’re in the mid 30% range. With deficit spending and mismanagement of our governments, do we really think our tax rates are going down in the future- or at best-stagnate? Don’t be fooled by the lure of the 401k & traditional IRA’s (excluding Roth IRA’s). There have to be better options… and there are!
theworldaccordingtojohnnie 