Thank you so much for the information presented in a clear and concise manner
@joettejouglard7338
8 ай бұрын
Thank you, very helpful. I need to find the planning software (for dummies) so I can play with the numbers.
@punisher6659
8 ай бұрын
Thanks for the content. Catching up on your content.
@keithmachado-pp6fv
5 ай бұрын
Good video. On the first example, with same tax brackets. If you are in the 25% bracket, you are correct the tax is $25, which is paid in full up front on the entire amount because it is all taxed in your top tax bracket after your earned income. However, if you are in the 25% bracket in retirement, the withdrawals from your tax deferred accounts will be paid at a mix of rates, with only a portion taxed at 25%. In addition, you are paying tax with future dollars, worth less due to inflation. Therefore, if you will be in the same tax bracket, a tax deferred account comes out ahead all other things being equal.
@samgregg4833
8 ай бұрын
Thank you - done very well!
@urbina21
8 ай бұрын
Awesome Job - where can I get a copy of that spreadsheet?
@ApproachFinancial
8 ай бұрын
Thank you! That spreadsheet is so hard-coded for the example that I think it would take you more work to make it flexible than it's worth. I think your best bet is to search for something like "marginal tax bracket spreadsheet" and you'll likely find something plug-and-play that works the way you want (and not just for 2023).
@crkan0608
5 ай бұрын
@@ApproachFinancial Hi Justin, thank you for the video! QUick question at 7:44 , in the formula for tax rate at 22%, how come it isn't =(163000-89451)*0.22? Or how do you get 27700 in the formula? 🙏🙏
@davidfolts5893
9 ай бұрын
Thanks, Justin, for the great content; I have always liked your cool graphics.
@ApproachFinancial
9 ай бұрын
Great to hear, thank you-I appreciate your comments on the graphics!
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