Does a retirement account still make sense for those in the lower tax brackets?
For those in the first two tax brackets (up to about 73k taxable income for married couples), does it still make sense for longer term investors to have retirement accounts? 0% long-term capital gains and 0% qualified dividends make it seem like you might be better off forgoing the retirement account and harvesting the occasional loss when it occurs. what do you guys think?
Certainly if you have significant state taxes or expect to be in a different tax bracket when you're retired then it would make a lot of sense to have a retirement account.
sean do you expect to be in a lower tax bracket forever ? if you agree that 2016 will be the last chance the gop will have to win the white house for the next 16 years or longer you have to assume higher taxes in your lifetime, no ? I would fund an IRA unless you expect dramatic changes in how the leadership of the gop thinks which isn't likely. good luck bud.