Quote:
Originally Posted by Street Pharmacist
Except marginal tax rate will be far, lower at retirement than when you're working (unless you pony up a lot for retirement). Include the fact that not paying taxes up front allows you to invest that difference and get a return on that money before paying taxes at the end.
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Well yeah, if you're rich now and you expect to make a lot less in retirement.
But most people are middle-class shlubs and therefore this typically doesn't hold true - they never made it to the top marginal tax rate, so they'll always stay in whatever rate they're in now.
Also you have to start withdrawing by 71, the Cons made it less onerous, but I can see the other parties changing that legislation back.