Retirement Nestegg – Tax Liability Percentage
I just thought of something that I think would be fun to track as it will make sure I don’t overestimate how big my retirement nest egg really is. I currently have a mix of Roth IRA, Roth 401k, and Traditional 401k retirement accounts that combined together give me that number at the top right corner of my blog. One thing that people often forget when saving for retirement is taxes (the other is inflation). You see any money that is stored in traditional 401k or traditional IRAs you need to pay taxes on when you withdraw it. This means that the government actually owns part of my retirement nestegg.