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LPT: Convert your tax-deferred 401k/IRA/TSP to tax-free Roth before 2026.
LPT: Convert your tax-deferred 401k/IRA/TSP to tax-free Roth before 2026. The Tax Cuts and Jobs Act of 2017 is ending at the end of 2025. This means that personal income tax rates will revert back to their pre-2018 levels. For high income earners, that means a return to the 39.6% marginal tax bracket and increase from the current 37%. Also, those who are currently at 24% may see a shift up to 28%. Take advantage of th...
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