I understand that distributions from Roth IRA are/will be "tax-free".
However, the distributions are still considered income, correct? So these distributions could push other rates on other income higher?
My question is which taxes may increase because of distribution from Roth IRA, say Soc Sec tax?
The reason to ask this is that the simplified view is that, all else being equal, and one's marginal tax rate is constant throughout one's life, the difference between a Traditional and Roth account is when the money is taxed. But this is not entirely true?
However, the distributions are still considered income, correct? So these distributions could push other rates on other income higher?
My question is which taxes may increase because of distribution from Roth IRA, say Soc Sec tax?
The reason to ask this is that the simplified view is that, all else being equal, and one's marginal tax rate is constant throughout one's life, the difference between a Traditional and Roth account is when the money is taxed. But this is not entirely true?
Statistics: Posted by Paullmas — Sun Dec 17, 2023 7:35 am — Replies 8 — Views 503