Oof. I only moved up one bracket since 2019. Stupid bear market! But I'm ahead of the average person in my age bracket.
https://money.usnews.com/money/retir...balance-by-age
Quote:
Savings will go further in retirement if they aren’t eaten up by taxes. “We think tax is going to be a real problem,” Brabham says. To minimize how much people pay the tax collector later in life, Brabham tries to steer his clients toward Roth accounts. These require taxes be paid on contributions but then can be accessed tax-free after age 59 1/2.
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I've switched to making only Roth contributions in my 403(b). Hopefully that pays off down the road. My Roth balance is about 11% of my total balance now.