When deciding how much you have for retirement, do you give a discounted percentage to monies that are in tax sheltered vehicles (401K, IRA, etc). Because, realistically, you still have to pay taxes on that money.
So let's say you have 1 million set aside that you've paid taxes on and another million in a 401K. Do you consider yourself to have 2 million saved for ER or 1.66 million?
Thanks,
So let's say you have 1 million set aside that you've paid taxes on and another million in a 401K. Do you consider yourself to have 2 million saved for ER or 1.66 million?
Thanks,