Reply to Jon Andrews's Post: Thank you for your answer. However, you haven't given me information that I don't already have.
I need graphs and charts that allow me to change the assumptions such as investment withdrawl amount, returns
, and possible tax rates
. I need to see the outcome for different scenarios.
Let's assume taxes of 30%. I pay 30% taxes now or I pay 30% later. Let's also assume I can double my money in 5 years.
Regarding the downside you sighted, assume my proposed withdraw amount is $100,000. Under the withdraw now scenario, I am taxed now and am left with $70,000. That $70,000 doubles in a ROTH and becomes $140,000 in five years.
Under the withdraw later scenario, my $100,000 doubles and I have $200,000 in five years. I pay the 20% taxes then and am still and left with only $140,000.
Then again, what if... I still don't know what to do.