Rebecca Walser

speaker

151 appearances 2 recordings 1 series first heard Jan 2018 last heard May 2018

Rebecca Walser’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Have a $1 Million 401(k)? You're Not Ready to Retire · 18 May 2018 podcast

not so much that they were able to contribute so much more in the last year, but it's because the market itself has had the highest highs ever.

ever.

Dow, Nasdaq and the S&P 500 all hit the highest highs ever multiple times in the last 12 months.

So we've had this huge run up in the equity market and the account balances are reflective of that.

So while it's really great news, it's also it's a worrisome news for people that are really 10 years or outside of retirement, because as they retire, the volatility risk is a lot more strong for them.

They don't have an investment horizon left.

And then on the tax side of it is a whole other function.

It's the fact that we have basically deferred the tax.

Now we have this very large balance.

We're going to pay the tax at some future year when taxes, we know the need for government revenues is going to be so much greater in the future than it is right now, simply from those two things we talked about, the debt and the baby boomers combining.

So the very best option, of course, if it is at all possible, is the Roth.

I've seen a huge increase in my practice alone of the amount of employees that are eligible for a match, even though they are contributing to the Roth.

So most likely the employer will make the match in the traditional plan, but they are making their contribution in the Roth.

And if anybody can do that, the time to do that is now.

And even though we're addicted to instant tax savings,

We really have to look at the bigger tax picture and say, gosh, do I want to pay taxes now while taxes are the lowest they've been in years and years and years?

Or do I want to pay it in some future point when taxes most likely are going to have to be so much higher?

And there's been so many studies.

It's not just me saying this.

I mean, there have been a 60 Minutes interview where they like point blank asked, you know, one of the ranking members of the finance committee, do taxes have to go up?

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