Joe Ready
speaker
40 appearances
1 recordings
1 series
first heard Apr 2018
last heard Apr 2018
Joe Ready’s voice in public audio — every appearance, attributed to the second.
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Appearances
And people that have done that have benefited.
And I actually think that messaging over time has actually sunk in.
And so it's more about I can't control the markets, but let me zero in on what I can control, right, other factors beyond that.
It's very interesting.
In fact, 35% say it would be mostly good for them.
13% say mostly bad.
24% say somewhat positive and 28% are unsure.
So I think there's just this uncertainty as a result of the tax reform around how it might affect them personally.
And we think about it in the retirement plan business as what I'll call asset location.
How should I diversify my assets?
And 25% though are only aware of the Roth difference between traditional pre-tax and not
Right.
In fact, it's very interesting you bring that up.
Only 12% said that they would actually consider an after-tax strategy.
Which is really surprising when you think about the tax rolls where a lot of people say, hey, today tax rates may be my lowest effective rate ever for a long period of time, whether you're a young worker and you're sort of climbing the wage scale or an older worker that says, you know, my effective tax rate may be as low as it's going to be.
I think it's a lot about I don't understand how to manage that or how to talk about that or how to think about that because I don't know what future tax rates are going to be.
And so we talk about tax diversification just like you would asset allocation, which is maybe have a mixture, right?
Don't put 100% in one bucket or the other.
And I think this tax planning issue becomes real when you get to the retirement side of the equation.
JR, thanks for having me.
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