Sentences with phrase «probably be in a higher tax bracket»

Say, if I'm putting money in some index funds for 5 years, and in 5 years I'll probably be in a higher tax bracket than now.

Not exact matches

If you believe you will be in a higher income, and thus higher tax, bracket when you retire, then a Roth IRA is probably the better choice since any distributions then will not be taxed.

If you're in a high bracket, she says you probably do want to max out on your RRSP contribution to get a deduction and produce more after tax money.

But a traditional deductible IRA may be a better tool if you want to lower your yearly tax bill while you're still working (and probably in a higher tax bracket than you'll be in after you retire).

Your mortgage rate is very good, and since you are probably in a high tax bracket and perhaps itemize deductions, the effective rate is even less.

In hindsight, I probably should have keep that contribution room for a few more years until I was in a higher tax brackeIn hindsight, I probably should have keep that contribution room for a few more years until I was in a higher tax brackein a higher tax bracket.

One of the other considerations is that borrowing to invest is great from a tax perspective, but as a young guy, your income probably isn't in the highest bracket, so you won't be able to benefit from this (as much as a 50 year old medical doctor might for example).

Converting the entire account may drive the couple's marginal tax rate into the top 39.6 % bracket, which is so high that they probably would have been better off just leaving the money as a pre-tax IRA and spending it in the future at a lower rate!