It seems these days, financial advice is always to fund a Roth account first. Now maybe for younger, low income people with 30 years before retirement - maybe. But it seems to me that most people do the lions share of retirement saving in the last 10-15 years of employment, when their income is higher. I think the idea that income taxes will be higher in retirement is just not usually the case. In the good old U.S., we don't make low income people (many retired) pay taxes - 46% of US households pay no federal income tax at all.
And what if we ever went to a consumption based tax? Would a traditional IRA/401k never have taxes assessed while the Roth folks prepaid? Grandfathering would sure get complex. Just some food for thought before you fund, or roll over, into a Roth.
And what if we ever went to a consumption based tax? Would a traditional IRA/401k never have taxes assessed while the Roth folks prepaid? Grandfathering would sure get complex. Just some food for thought before you fund, or roll over, into a Roth.