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Should You Max Out Pre-Tax Contributions During Your High-Earning Years? · Becoming Financially Confident

• 0:37
  You
• 0:37
  finally
• 0:38
  start
• 0:38
  doing
• 0:38
  the
• 0:38
  right
• 0:38
  thing.
• 0:39
  You
• 0:39
  raise
• 0:40
  your
• 0:40
  401k
• 0:40
  contribution,
• 0:41
  you
• 0:42
  get
• 0:42
  serious,
• 0:43
  you
• 0:43
  sacrifice
• 0:44
  now
• 0:45
  because
• 0:45
  you
• 0:45
  want
• 0:45
  to
• 0:45
  wise
• 0:46
  later.
• 0:47
  And
• 0:47
  then
• 0:47
  one
• 0:48
  real
• 0:48
  life
• 0:48
  moment
• 0:48
  changes
• 0:49
  how
• 0:49
  you
• 0:49
  see
• 0:49
  that
• 0:50
  whole
• 0:50
  strategy.
• 0:51
  You
• 0:51
  watch
• 0:52
  someone
• 0:52
  retire,
• 0:53
  you
• 0:53
  see
• 0:53
  what
• 0:54
  their
• 0:54
  income
• 0:54
  actually
• 0:55
  looks
• 0:55
  like
• 0:55
  in
• 0:55
  practice,
• 0:57
  and
• 0:57
  you
• 0:57
  notice
• 0:57
  what
• 0:57
  happened
• 0:58
  to
• 0:58
  their
• 0:58
  tax
• 0:58
  bracket.
• 0:59
  And
• 1:00
  suddenly
• 1:00
  a
• 1:00
  new
• 1:01
  question
• 1:01
  hits
• 1:01
  you.
• 1:02
  If
• 1:02
  your
• 1:03
  income
• 1:03
  is
• 1:03
  higher
• 1:04
  now
• 1:04
  than
• 1:04
  it
• 1:04
  may
• 1:04
  be
• 1:04
  in
• 1:05
  retirement,
• 1:06
  why
• 1:06
  would
• 1:06
  you
• 1:07
  pay
• 1:07
  taxes
• 1:07
  on
• 1:07
  retirement
• 1:08
  contributions
• 1:08
  today
• 1:09
  instead
• 1:10
  of
• 1:10
  taking
• 1:10
  a
• 1:10
  tax
• 1:11
  break?
• 1:11
  Now,
• 1:12
  if
• 1:12
  you've
• 1:13
  ever
• 1:13
  wondered
• 1:13
  whether
• 1:13
  pre
• 1:14
  tax
• 1:14
  or
• 1:14
  after
• 1:14
  tax
• 1:15
  investing
• 1:15
  makes
• 1:15
  more
• 1:16
  sense,
• 1:17
  especially
• 1:17
  during
• 1:17
  your
• 1:18
  strongest
• 1:18
  earning
• 1:18
  years,
• 1:19
  today's
• 1:20
  show
• 1:20
  is
• 1:20
  for
• 1:20
  you.
• 1:21
  I'm
• 1:21
  going
• 1:21
  to
• 1:21
  break
• 1:21
  it
• 1:21
  down
• 1:22
  on
• 1:22
  today's
• 1:22
  show.
• 1:32
  Hey
• 1:32
  friend,
• 1:32
  I'm
• 1:33
  Ralph
• 1:33
  Estep
• 1:33
  Jr.
• 1:34
  And
• 1:34
  I
• 1:34
  want
• 1:34
  to
• 1:34
  welcome
• 1:35
  you
• 1:35
  to
• 1:35
  Financially
• 1:36
  Confident
• 1:36
  Christian.
• 1:37
  And
• 1:37
  today
• 1:37
  we're
• 1:38
  talking
• 1:38
  about
• 1:38
  a
• 1:38
  question
• 1:39
  that
• 1:39
  comes
• 1:39
  up
• 1:39
  once
• 1:39
  you
• 1:39
  start
• 1:40
  getting
• 1:40
  serious
• 1:41
  about
• 1:41
  retirement
• 1:42
  planning.
• 1:43
  A
• 1:43
  lot
• 1:43
  of
• 1:43
  people
• 1:43
  hear
• 1:43
  that
• 1:44
  Roth
• 1:44
  is
• 1:44
  good,
• 1:45
  pre
• 1:45
  tax
• 1:46
  is
• 1:46
  good,
• 1:46
  and
• 1:46
  hey,
• 1:46
  diversification
• 1:47
  is
• 1:48
  great.
• 1:49
  But
• 1:49
  at
• 1:49
  some
• 1:49
  point
• 1:49
  you
• 1:50
  want
• 1:50
  to
• 1:50
  know
• 1:50
  what
• 1:50
  actually
• 1:51
  makes
• 1:51
  sense
• 1:51
  for
• 1:51
  your
• 1:52
  life.
• 1:53
  If
• 1:53
  you're
• 1:53
  in
• 1:53
  your
• 1:53
  higher
• 1:54
  earning
• 1:54
  years
• 1:54
  and
• 1:54
  trying
• 1:55
  to
• 1:55
  Decide
• 1:55
  whether
• 1:55
  your
• 1:55
  401k
• 1:56
  dollar
• 1:56
  should
• 1:56
  go
• 1:57
  up,
• 1:58
  this
• 1:58
  is
• 1:58
  a
• 1:58
  very
• 1:58
  wise
• 1:59
  question
• 1:59
  to
• 1:59
  ask.
• 2:00
  So
• 2:00
  let
• 2:00
  me
• 2:00
  get
• 2:01
  to
• 2:01
  today's
• 2:01
  listener
• 2:02
  question.
• 2:02
  Listener
• 2:03
  writes
• 2:03
  this
• 2:03
  Ralph,
• 2:04
  I'm
• 2:04
  in
• 2:04
  my
• 2:05
  early
• 2:05
  30s
• 2:06
  and
• 2:06
  over
• 2:06
  the
• 2:06
  last
• 2:06
  couple
• 2:07
  years
• 2:07
  I've
• 2:08
  increased
• 2:08
  my
• 2:08
  401k
• 2:09
  contributions
• 2:10
  from
• 2:10
  6%
• 2:11
  all
• 2:12
  the
• 2:12
  way
• 2:12
  to
• 2:12
  22%.
• 2:14
  I
• 2:14
  know
• 2:14
  that's
• 2:14
  a
• 2:14
  real
• 2:15
  step
• 2:15
  forward,
• 2:16
  but
• 2:16
  recently
• 2:16
  I
• 2:17
  was
• 2:17
  helping
• 2:17
  my
• 2:17
  dad
• 2:17
  with
• 2:18
  his
• 2:18
  first
• 2:18
  401k
• 2:19
  withdrawal
• 2:19
  and
• 2:20
  something
• 2:20
  hit
• 2:20
  me.
• 2:21
  My
• 2:21
  dad's
• 2:22
  retired
• 2:22
  now.
• 2:23
  He's
• 2:23
  living
• 2:23
  on
• 2:23
  Social
• 2:23
  Security
• 2:24
  and
• 2:24
  a
• 2:24
  small
• 2:25
  pension,
• 2:25
  which
• 2:26
  means
• 2:26
  his
• 2:26
  income
• 2:27
  is
• 2:27
  actually
• 2:27
  lower
• 2:28
  in
• 2:28
  retirement
• 2:28
  than
• 2:29
  it
• 2:29
  was
• 2:29
  when
• 2:29
  he
• 2:29
  was
• 2:29
  working.
• 2:30
  His
• 2:31
  tax
• 2:31
  bracket
• 2:32
  dropped
• 2:32
  significantly.
• 2:33
  And
• 2:34
  that
• 2:34
  made
• 2:34
  me
• 2:34
  realize
• 2:34
  something
• 2:35
  about
• 2:35
  my
• 2:35
  own
• 2:35
  strategy.
• 2:36
  I've
• 2:37
  been
• 2:37
  doing
• 2:37
  this
• 2:37
  blend
• 2:38
  of
• 2:38
  pre
• 2:38
  tax
• 2:38
  and
• 2:39
  after
• 2:39
  tax
• 2:39
  contributions,
• 2:40
  sort
• 2:40
  of
• 2:40
  a
• 2:41
  5050
• 2:41
  or
• 2:42
  a
• 2:42
  4060
• 2:43
  split.
• 2:44
  But
• 2:44
  if
• 2:44
  these
• 2:44
  are
• 2:44
  my
• 2:45
  high
• 2:45
  earning
• 2:45
  years,
• 2:45
  Ralph,
• 2:46
  shouldn't
• 2:47
  I
• 2:47
  be
• 2:47
  maximizing
• 2:48
  my
• 2:48
  pre
• 2:48
  tax
• 2:48
  contributions
• 2:49
  first
• 2:50
  to
• 2:50
  reduce
• 2:50
  my
• 2:50
  taxes
• 2:51
  right
• 2:51
  now?
• 2:52
  Why
• 2:52
  would
• 2:53
  I
• 2:53
  ever
• 2:53
  want
• 2:53
  to
• 2:53
  contribute
• 2:54
  after
• 2:54
  tax
• 2:54
  dollars
• 2:55
  when
• 2:55
  I'm
• 2:55
  in
• 2:56
  a
• 2:56
  higher
• 2:56
  tax
• 2:56
  bracket
• 2:57
  than
• 2:57
  I'll
• 2:57
  probably
• 2:57
  be
• 2:57
  in
• 2:57
  retirement?
• 2:59
  Is
• 2:59
  there
• 2:59
  any
• 2:59
  real
• 3:00
  reason
• 3:00
  to
• 3:00
  keep
• 3:00
  a
• 3:01
  high
• 3:01
  after
• 3:01
  tax
• 3:02
  contribution
• 3:02
  percentage
• 3:03
  rate?
• 3:03
  Or
• 3:04
  is
• 3:04
  my
• 3:04
  new
• 3:04
  thinking
• 3:05
  the
• 3:05
  smarter
• 3:05
  move?
• 3:07
  What
• 3:07
  a
• 3:07
  great
• 3:08
  question.
• 3:09
  This
• 3:09
  is
• 3:09
  one
• 3:09
  of
• 3:09
  those
• 3:10
  questions
• 3:10
  I
• 3:10
  love
• 3:10
  when
• 3:10
  I
• 3:11
  get
• 3:11
  to
• 3:11
  because
• 3:11
  it
• 3:11
  makes
• 3:12
  me
• 3:12
  really
• 3:12
  dig
• 3:12
  deep,
• 3:13
  innocent.
• 3:14
  And
• 3:14
  if
• 3:14
  your
• 3:14
  tax
• 3:15
  rate
• 3:15
  is
• 3:15
  likely
• 3:16
  higher
• 3:16
  today
• 3:17
  than
• 3:17
  than
• 3:17
  it
• 3:17
  will
• 3:17
  be
• 3:18
  in
• 3:18
  retirement,
• 3:19
  leaning
• 3:19
  more
• 3:19
  heavily
• 3:20
  into
• 3:20
  pre
• 3:20
  tax
• 3:21
  contribution
• 3:21
  often
• 3:22
  makes
• 3:22
  a
• 3:22
  lot
• 3:22
  of
• 3:22
  sense.
• 3:23
  But
• 3:24
  the
• 3:24
  smartest
• 3:24
  answer
• 3:25
  usually
• 3:25
  comes
• 3:25
  from
• 3:26
  tax
• 3:26
  flexibility,
• 3:27
  not
• 3:27
  tax
• 3:28
  guessing
• 3:28
  alone.
• 3:28
  So
• 3:28
  let's
• 3:29
  get
• 3:29
  into
• 3:29
  today
• 3:29
  how
• 3:30
  to
• 3:30
  make
• 3:30
  this
• 3:30
  work.
• 3:31
  I
• 3:31
  want
• 3:31
  to
• 3:31
  start
• 3:32
  with
• 3:32
  this.
• 3:32
  Your
• 3:33
  instinct
• 3:33
  isn't
• 3:34
  wrong
• 3:34
  here.
• 3:35
  What
• 3:35
  you
• 3:35
  notice
• 3:36
  with
• 3:36
  your
• 3:36
  dad
• 3:36
  is
• 3:36
  exactly
• 3:37
  the
• 3:38
  kind
• 3:38
  of
• 3:38
  real
• 3:38
  world
• 3:39
  observation
• 3:40
  that
• 3:40
  should
• 3:40
  shape
• 3:41
  your
• 3:41
  planning.
• 3:42
  Pre
• 3:43
  tax
• 3:43
  contributions
• 3:44
  do
• 3:44
  reduce
• 3:45
  your
• 3:45
  taxable
• 3:45
  income
• 3:46
  now.
• 3:46
  That's
• 3:46
  why
• 3:46
  they're
• 3:47
  called
• 3:47
  pre
• 3:47
  tax.
• 3:48
  And
• 3:49
  if
• 3:49
  you're
• 3:49
  in
• 3:49
  a
• 3:50
  meaningfully
• 3:50
  higher
• 3:51
  tax
• 3:51
  bracket
• 3:51
  today
• 3:52
  than
• 3:52
  you
• 3:52
  expect
• 3:53
  to
• 3:53
  be
• 3:53
  in
• 3:53
  retirement,
• 3:54
  that
• 3:54
  immediate
• 3:55
  tax
• 3:55
  break
• 3:56
  can
• 3:56
  be
• 3:56
  very
• 3:56
  valuable.
• 3:57
  I
• 3:57
  want
• 3:58
  to
• 3:58
  break
• 3:58
  this
• 3:58
  down
• 3:58
  in
• 3:58
  plain
• 3:59
  language.
• 4:00
  If
• 4:00
  you're
• 4:00
  choosing
• 4:01
  to
• 4:01
  pay
• 4:01
  taxes
• 4:01
  later
• 4:02
  when
• 4:02
  your
• 4:03
  income
• 4:03
  may
• 4:03
  be
• 4:03
  lower,
• 4:04
  that's
• 4:04
  why
• 4:05
  you're
• 4:05
  doing
• 4:05
  this.
• 4:06
  So
• 4:06
  your
• 4:06
  new
• 4:07
  thinking
• 4:07
  is
• 4:07
  reasonable
• 4:08
  and
• 4:09
  it's
• 4:09
  actually
• 4:09
  pretty
• 4:10
  smart.
• 4:11
  A
• 4:11
  lot
• 4:11
  of
• 4:11
  retirement
• 4:12
  planning
• 4:12
  comes
• 4:12
  down
• 4:12
  to
• 4:12
  one
• 4:13
  simple
• 4:13
  question.
• 4:14
  When
• 4:14
  is
• 4:14
  the
• 4:15
  dollar
• 4:15
  least
• 4:16
  expensive
• 4:16
  to
• 4:16
  tax?
• 4:17
  Is
• 4:17
  it
• 4:17
  now
• 4:18
  or
• 4:18
  is
• 4:18
  it
• 4:19
  once
• 4:19
  you
• 4:19
  retire?
• 4:20
  But
• 4:20
  you
• 4:20
  got
• 4:20
  to
• 4:20
  know
• 4:21
  what
• 4:21
  your
• 4:21
  pre
• 4:21
  tax
• 4:22
  and
• 4:22
  your
• 4:22
  after
• 4:23
  tax
• 4:23
  are
• 4:23
  really
• 4:24
  doing.
• 4:25
  Pre
• 4:25
  tax
• 4:25
  means
• 4:26
  this.
• 4:26
  You
• 4:27
  pay
• 4:27
  the
• 4:27
  tax,
• 4:27
  you
• 4:28
  get
• 4:28
  the
• 4:28
  tax
• 4:28
  deduction.
• 4:29
  Now.
• 4:30
  Then
• 4:30
  you
• 4:30
  pay
• 4:30
  ordinary
• 4:31
  income
• 4:31
  tax
• 4:32
  when
• 4:32
  you
• 4:32
  withdraw
• 4:33
  in
• 4:33
  retirement.
• 4:33
  That's
• 4:34
  what
• 4:34
  your
• 4:34
  father
• 4:34
  is
• 4:35
  doing
• 4:35
  as
• 4:35
  he's
• 4:36
  collecting
• 4:36
  his
• 4:37
  401k.
• 4:37
  A
• 4:38
  little
• 4:38
  known
• 4:38
  fact,
• 4:39
  the
• 4:39
  Roth
• 4:40
  IRA
• 4:40
  is
• 4:41
  actually
• 4:41
  from
• 4:41
  Bill
• 4:42
  Roth
• 4:42
  who
• 4:43
  was
• 4:43
  a
• 4:43
  senator
• 4:43
  from
• 4:44
  my
• 4:44
  home
• 4:44
  state
• 4:44
  of
• 4:44
  Delaware.
• 4:45
  I
• 4:45
  met
• 4:45
  him
• 4:45
  many
• 4:46
  times.
• 4:46
  Bill
• 4:46
  Roth
• 4:47
  was
• 4:47
  a
• 4:47
  kind
• 4:47
  of
• 4:47
  a
• 4:47
  cool
• 4:48
  guy.
• 4:48
  He
• 4:48
  used
• 4:48
  to
• 4:48
  have
• 4:49
  this
• 4:49
  big
• 4:49
  old
• 4:50
  dog
• 4:51
  that
• 4:51
  his
• 4:51
  Saint
• 4:51
  Bernard
• 4:52
  that
• 4:52
  went
• 4:52
  with
• 4:52
  him
• 4:52
  everywhere.
• 4:53
  But
• 4:53
  he's
• 4:54
  actually
• 4:54
  who
• 4:54
  came
• 4:54
  up
• 4:55
  with
• 4:55
  this
• 4:55
  Roth
• 4:55
  IRA.
• 4:56
  But
• 4:56
  let's
• 4:56
  talk
• 4:56
  about
• 4:56
  the
• 4:56
  Roth
• 4:57
  IRA.
• 4:58
  So
• 4:58
  the
• 4:58
  Roth
• 4:59
  or
• 4:59
  after
• 4:59
  tax
• 5:00
  401k
• 5:00
  contributions
• 5:01
  mean
• 5:02
  you
• 5:02
  pay
• 5:02
  taxes
• 5:02
  on
• 5:03
  that
• 5:03
  money
• 5:03
  now
• 5:04
  before
• 5:04
  you
• 5:04
  put
• 5:04
  it
• 5:05
  in.
• 5:05
  And
• 5:05
  then
• 5:05
  when
• 5:06
  you
• 5:06
  go
• 5:06
  to
• 5:06
  take
• 5:06
  that
• 5:06
  money
• 5:06
  out,
• 5:07
  it
• 5:07
  comes
• 5:07
  out
• 5:08
  tax
• 5:08
  free.
• 5:09
  Now
• 5:09
  this
• 5:09
  isn't
• 5:09
  about
• 5:10
  one
• 5:10
  being
• 5:10
  good
• 5:10
  and
• 5:11
  the
• 5:11
  other
• 5:11
  being
• 5:11
  bad.
• 5:12
  This
• 5:12
  is
• 5:12
  about
• 5:13
  when
• 5:13
  you
• 5:13
  believe
• 5:13
  paying
• 5:14
  taxes
• 5:14
  will
• 5:15
  hurt
• 5:15
  less.
• 5:16
  If
• 5:16
  today's
• 5:17
  tax
• 5:17
  hit
• 5:17
  is
• 5:17
  heavier
• 5:18
  than
• 5:18
  tomorrow's,
• 5:19
  it's
• 5:19
  likely
• 5:20
  that
• 5:20
  pre
• 5:20
  tax
• 5:20
  becomes
• 5:21
  more
• 5:21
  attractive.
• 5:22
  Which
• 5:22
  is
• 5:22
  what
• 5:22
  you're
• 5:22
  telling
• 5:22
  me
• 5:23
  in
• 5:23
  your
• 5:23
  particular
• 5:23
  question.
• 5:24
  You're
• 5:25
  in
• 5:25
  your
• 5:25
  earnings
• 5:25
  years,
• 5:26
  but
• 5:26
  if
• 5:27
  you
• 5:27
  believe
• 5:27
  your
• 5:27
  future
• 5:28
  tax
• 5:28
  rate
• 5:28
  could
• 5:28
  be
• 5:28
  similar
• 5:29
  or
• 5:29
  even
• 5:29
  higher,
• 5:30
  then
• 5:31
  Roth
• 5:31
  or
• 5:31
  after
• 5:32
  tax
• 5:32
  becomes
• 5:33
  more
• 5:33
  attractive.
• 5:34
  Pre
• 5:35
  tax
• 5:35
  helps
• 5:35
  you
• 5:36
  when
• 5:36
  you
• 5:36
  have
• 5:36
  a
• 5:37
  heavy
• 5:37
  burden.
• 5:37
  Today,
• 5:38
  Roth
• 5:39
  helps
• 5:39
  you
• 5:39
  when
• 5:39
  tomorrow's
• 5:40
  tax
• 5:40
  burden
• 5:40
  may
• 5:41
  be
• 5:41
  the
• 5:41
  bigger
• 5:41
  burden.
• 5:42
  But
• 5:42
  you
• 5:43
  asked
• 5:43
  a
• 5:43
  really
• 5:43
  interesting
• 5:44
  question.
• 5:44
  Why
• 5:45
  would
• 5:45
  someone
• 5:45
  still
• 5:46
  choose
• 5:46
  after
• 5:46
  tax
• 5:47
  during
• 5:47
  their
• 5:47
  higher
• 5:48
  earning
• 5:48
  years?
• 5:49
  And
• 5:49
  the
• 5:49
  real
• 5:50
  reason
• 5:50
  is
• 5:50
  to
• 5:50
  keep
• 5:51
  some
• 5:51
  Roth
• 5:51
  exposure
• 5:52
  even
• 5:52
  in
• 5:53
  the
• 5:53
  strong
• 5:53
  earning
• 5:54
  Years.
• 5:54
  Why
• 5:55
  do
• 5:55
  we
• 5:55
  do
• 5:55
  that?
• 5:55
  First
• 5:56
  thing,
• 5:56
  no
• 5:57
  one
• 5:57
  knows
• 5:57
  what
• 5:57
  the
• 5:57
  future
• 5:58
  tax
• 5:58
  law
• 5:59
  will
• 5:59
  be.
• 5:59
  None
• 5:59
  of
• 6:00
  us
• 6:00
  have
• 6:00
  a
• 6:00
  crystal
• 6:00
  ball.
• 6:01
  I'm
• 6:01
  a
• 6:01
  firm
• 6:02
  believer
• 6:02
  that
• 6:03
  tax
• 6:03
  rates
• 6:03
  are
• 6:03
  probably
• 6:04
  going
• 6:04
  to
• 6:04
  continue
• 6:04
  to
• 6:05
  increase.
• 6:06
  So
• 6:06
  there
• 6:06
  may
• 6:06
  be
• 6:07
  some
• 6:07
  value
• 6:07
  in
• 6:08
  having
• 6:08
  some
• 6:08
  after
• 6:09
  tax
• 6:09
  investments.
• 6:10
  Here's
• 6:10
  the
• 6:10
  second
• 6:10
  thing.
• 6:11
  Retirement
• 6:12
  income
• 6:12
  isn't
• 6:13
  always
• 6:13
  as
• 6:13
  low
• 6:14
  as
• 6:14
  people
• 6:14
  expect.
• 6:14
  In
• 6:15
  fact,
• 6:15
  here's
• 6:15
  what
• 6:15
  I've
• 6:15
  seen
• 6:16
  in
• 6:16
  my
• 6:16
  own
• 6:16
  practice.
• 6:17
  I've
• 6:17
  been
• 6:17
  practicing
• 6:18
  accounting
• 6:18
  for
• 6:18
  over
• 6:19
  30
• 6:19
  years.
• 6:20
  A
• 6:20
  lot
• 6:20
  of
• 6:21
  times
• 6:21
  people's
• 6:22
  income
• 6:22
  in
• 6:22
  retirement
• 6:23
  is
• 6:24
  equal
• 6:24
  to
• 6:24
  or
• 6:25
  hear
• 6:25
  this,
• 6:25
  sometimes
• 6:26
  even
• 6:26
  higher
• 6:27
  than
• 6:27
  what
• 6:27
  it
• 6:27
  was
• 6:28
  when
• 6:28
  they
• 6:28
  were
• 6:28
  working
• 6:29
  because
• 6:29
  of
• 6:29
  those
• 6:29
  requirement
• 6:30
  on
• 6:30
  distributions.
• 6:31
  Maybe
• 6:31
  they've
• 6:32
  got
• 6:32
  a
• 6:32
  strong
• 6:32
  pension,
• 6:33
  maybe
• 6:33
  they've
• 6:33
  got
• 6:33
  some
• 6:34
  rental
• 6:34
  income
• 6:35
  or
• 6:35
  other
• 6:35
  assets
• 6:36
  to
• 6:36
  keep
• 6:36
  that
• 6:36
  taxable
• 6:37
  income
• 6:37
  elevated.
• 6:38
  Here's
• 6:39
  the
• 6:39
  third
• 6:39
  thing
• 6:39
  a
• 6:40
  Roth
• 6:40
  account
• 6:40
  does
• 6:41
  create
• 6:41
  some
• 6:41
  flexibility.
• 6:42
  If
• 6:43
  you
• 6:43
  have
• 6:43
  both
• 6:43
  a
• 6:44
  pre
• 6:44
  tax
• 6:44
  and
• 6:45
  an
• 6:45
  after
• 6:45
  tax,
• 6:46
  you
• 6:46
  get
• 6:47
  tax
• 6:47
  free
• 6:47
  buckets
• 6:48
  that
• 6:48
  give
• 6:48
  yourself
• 6:48
  more
• 6:49
  control.
• 6:49
  You
• 6:50
  can
• 6:50
  decide
• 6:50
  what
• 6:50
  to
• 6:51
  take.
• 6:51
  Here's
• 6:52
  another
• 6:52
  thing.
• 6:52
  Young
• 6:53
  investors
• 6:53
  often
• 6:54
  have
• 6:54
  a
• 6:54
  long
• 6:54
  time
• 6:54
  horizon
• 6:55
  and
• 6:56
  some
• 6:56
  people
• 6:56
  like
• 6:56
  the
• 6:57
  idea
• 6:57
  of
• 6:57
  decades
• 6:58
  of
• 6:58
  future
• 6:58
  growth
• 6:58
  coming
• 6:59
  out
• 6:59
  tax
• 6:59
  free.
• 7:01
  So
• 7:01
  the
• 7:01
  question
• 7:01
  isn't,
• 7:02
  is
• 7:02
  after
• 7:03
  tax
• 7:03
  foolish?
• 7:04
  The
• 7:05
  better
• 7:05
  question
• 7:05
  is
• 7:06
  this,
• 7:06
  how
• 7:06
  much
• 7:07
  diversification
• 7:08
  do
• 7:08
  I
• 7:08
  want?
• 7:09
  Because
• 7:09
  sometimes
• 7:10
  the
• 7:10
  value
• 7:10
  of
• 7:10
  the
• 7:10
  Roth
• 7:11
  isn't
• 7:11
  just
• 7:11
  about
• 7:11
  tax
• 7:12
  rates,
• 7:13
  it's
• 7:13
  about
• 7:13
  that
• 7:13
  flexibility.
• 7:15
  But
• 7:15
  you
• 7:16
  can't
• 7:16
  ignore
• 7:16
  the
• 7:16
  value
• 7:17
  of
• 7:17
  the
• 7:17
  tax
• 7:17
  break
• 7:17
  you're
• 7:18
  getting
• 7:18
  now,
• 7:18
  which
• 7:18
  is
• 7:19
  really
• 7:19
  what
• 7:19
  you're
• 7:19
  talking
• 7:19
  about.
• 7:20
  If
• 7:20
  you're
• 7:21
  contributing
• 7:21
  22%
• 7:23
  and
• 7:23
  you're
• 7:23
  in
• 7:23
  your
• 7:24
  higher
• 7:24
  earning
• 7:24
  seasons,
• 7:25
  pre
• 7:26
  tax
• 7:26
  contributions
• 7:27
  may
• 7:27
  free
• 7:27
  up
• 7:27
  real
• 7:28
  dollars
• 7:28
  in
• 7:28
  your
• 7:28
  paycheck
• 7:29
  today.
• 7:29
  It
• 7:30
  may
• 7:30
  actually
• 7:30
  make
• 7:31
  the
• 7:31
  amount
• 7:31
  of
• 7:31
  your
• 7:32
  net
• 7:32
  paycheck
• 7:32
  better.
• 7:33
  That
• 7:34
  tax
• 7:34
  savings
• 7:35
  can
• 7:35
  help
• 7:35
  you
• 7:35
  in
• 7:36
  three
• 7:36
  distinct
• 7:36
  ways.
• 7:37
  Number
• 7:37
  one
• 7:37
  thing
• 7:38
  it
• 7:38
  can
• 7:38
  do,
• 7:38
  it
• 7:39
  can
• 7:39
  increase
• 7:39
  the
• 7:39
  total
• 7:40
  retirement
• 7:40
  contributions
• 7:41
  you're
• 7:41
  able
• 7:41
  to
• 7:41
  make.
• 7:42
  Like
• 7:42
  you
• 7:42
  said,
• 7:42
  you
• 7:43
  went
• 7:43
  from
• 7:43
  6%
• 7:44
  to
• 7:44
  22%.
• 7:45
  Another
• 7:46
  thing
• 7:46
  it
• 7:46
  can
• 7:46
  do
• 7:46
  is
• 7:46
  it
• 7:47
  can
• 7:47
  strengthen
• 7:47
  your
• 7:47
  other
• 7:48
  priorities.
• 7:48
  It'll
• 7:49
  help
• 7:49
  you
• 7:49
  build
• 7:49
  that
• 7:50
  emergency
• 7:50
  savings,
• 7:51
  the
• 7:51
  debt
• 7:52
  reduction
• 7:52
  plan,
• 7:53
  or
• 7:53
  maybe
• 7:53
  meet
• 7:53
  your
• 7:54
  family's
• 7:54
  needs.
• 7:54
  Because
• 7:54
  you're
• 7:55
  reducing
• 7:55
  your
• 7:55
  taxable
• 7:56
  income.
• 7:57
  It
• 7:57
  can
• 7:57
  also
• 7:58
  reduce
• 7:58
  the
• 7:58
  pressure
• 7:59
  in
• 7:59
  your
• 7:59
  monthly
• 7:59
  cash
• 8:00
  flow.
• 8:01
  This
• 8:01
  strategy
• 8:02
  isn't
• 8:02
  just
• 8:02
  about
• 8:02
  theoretical
• 8:03
  math.
• 8:04
  Decades
• 8:04
  from
• 8:04
  now,
• 8:05
  it
• 8:05
  has
• 8:05
  to
• 8:06
  fit
• 8:06
  your
• 8:06
  real
• 8:06
  life
• 8:06
  today,
• 8:07
  which
• 8:07
  is
• 8:07
  when,
• 8:07
  when
• 8:07
  I
• 8:08
  work
• 8:08
  with
• 8:08
  clients,
• 8:09
  I
• 8:09
  always
• 8:09
  say
• 8:10
  to
• 8:10
  them,
• 8:11
  look
• 8:11
  at
• 8:11
  your
• 8:11
  budget.
• 8:12
  What
• 8:12
  can
• 8:12
  you
• 8:12
  actually
• 8:13
  afford
• 8:13
  to
• 8:13
  put
• 8:14
  into
• 8:14
  the
• 8:14
  retirement
• 8:15
  account?
• 8:15
  Start
• 8:15
  there
• 8:16
  because
• 8:16
  we
• 8:16
  can
• 8:17
  talk
• 8:17
  about,
• 8:17
  it'd
• 8:17
  be
• 8:17
  great
• 8:17
  to
• 8:18
  push
• 8:18
  that
• 8:18
  much
• 8:18
  in.
• 8:18
  It'd
• 8:19
  be
• 8:19
  great
• 8:19
  to
• 8:19
  put
• 8:19
  30%
• 8:20
  in,
• 8:20
  be
• 8:20
  great
• 8:20
  to
• 8:21
  put
• 8:21
  25%
• 8:21
  in
• 8:22
  but
• 8:22
  you
• 8:22
  gotta
• 8:22
  look
• 8:23
  at
• 8:23
  the
• 8:23
  reality
• 8:23
  on
• 8:23
  the
• 8:23
  ground
• 8:24
  that
• 8:24
  tax
• 8:25
  deduction
• 8:25
  isn't
• 8:26
  just
• 8:26
  a
• 8:26
  number
• 8:26
  on
• 8:27
  paper.
• 8:28
  It
• 8:28
  can
• 8:28
  actually
• 8:28
  create
• 8:29
  margin
• 8:29
  in
• 8:29
  real
• 8:30
  life.
• 8:31
  But
• 8:31
  in
• 8:31
  the
• 8:31
  end
• 8:31
  you
• 8:31
  gotta
• 8:32
  aim
• 8:32
  for
• 8:32
  a
• 8:32
  wise
• 8:33
  balance,
• 8:33
  not
• 8:33
  some
• 8:33
  false
• 8:34
  certainty.
• 8:35
  The
• 8:35
  honest
• 8:35
  answer
• 8:36
  to
• 8:36
  your
• 8:36
  question
• 8:36
  today
• 8:37
  is
• 8:37
  is
• 8:37
  that
• 8:38
  none
• 8:38
  of
• 8:38
  us
• 8:38
  knows
• 8:38
  the
• 8:38
  future
• 8:39
  perfectly.
• 8:39
  We
• 8:40
  just
• 8:40
  don't.
• 8:41
  The
• 8:41
  current
• 8:41
  logic.
• 8:42
  You
• 8:42
  have
• 8:42
  me
• 8:42
  point
• 8:42
  to
• 8:43
  a
• 8:43
  stronger
• 8:43
  pre
• 8:43
  tax
• 8:44
  emphasis
• 8:44
  right
• 8:44
  now
• 8:44
  because
• 8:45
  this
• 8:45
  is
• 8:45
  what
• 8:45
  we're
• 8:45
  looking
• 8:46
  at
• 8:46
  now.
• 8:46
  We
• 8:46
  are
• 8:47
  assuming
• 8:47
  that
• 8:48
  when
• 8:48
  we
• 8:48
  go
• 8:48
  to
• 8:48
  retire
• 8:49
  we're
• 8:49
  going
• 8:49
  to
• 8:49
  be
• 8:49
  a
• 8:50
  lower
• 8:50
  tax
• 8:50
  bracket.
• 8:51
  Which
• 8:51
  means
• 8:51
  it
• 8:52
  might
• 8:52
  shift
• 8:52
  away
• 8:53
  from
• 8:53
  that
• 8:53
  5050
• 8:54
  plan
• 8:54
  that
• 8:54
  you're
• 8:55
  talking
• 8:55
  about
• 8:55
  now
• 8:55
  into
• 8:56
  more
• 8:56
  being
• 8:57
  pre
• 8:57
  taxed
• 8:57
  during
• 8:57
  your
• 8:58
  earning
• 8:58
  years.
• 8:59
  That
• 8:59
  it
• 8:59
  doesn't
• 9:00
  mean
• 9:00
  you
• 9:00
  have
• 9:00
  to
• 9:00
  abandon
• 9:01
  the
• 9:01
  Roth
• 9:01
  completely.
• 9:02
  There's
• 9:02
  one
• 9:02
  postural
• 9:03
  approach.
• 9:04
  Do
• 9:04
  I
• 9:04
  want
• 9:04
  enough
• 9:04
  Roth
• 9:05
  money
• 9:05
  later
• 9:05
  to
• 9:05
  give
• 9:06
  me
• 9:06
  options
• 9:07
  while
• 9:07
  still
• 9:07
  maximizing
• 9:08
  my
• 9:08
  pre
• 9:09
  tax
• 9:09
  lower
• 9:09
  taxes
• 9:10
  during
• 9:10
  my
• 9:10
  highest
• 9:11
  earning
• 9:11
  years?
• 9:11
  That's
• 9:11
  one
• 9:12
  things
• 9:12
  I
• 9:12
  tell
• 9:12
  a
• 9:12
  lot
• 9:12
  of
• 9:12
  clients
• 9:13
  to
• 9:13
  do.
• 9:13
  Put
• 9:14
  the
• 9:14
  maximum
• 9:14
  amount
• 9:15
  you
• 9:15
  can
• 9:15
  in
• 9:15
  that
• 9:16
  pre
• 9:16
  tax
• 9:16
  money,
• 9:17
  but
• 9:17
  maybe
• 9:17
  still
• 9:17
  put
• 9:18
  some
• 9:18
  money
• 9:18
  into
• 9:18
  the
• 9:18
  Roth
• 9:18
  so
• 9:19
  you
• 9:19
  get
• 9:19
  some
• 9:19
  flexibility.
• 9:20
  Kind
• 9:20
  of
• 9:20
  what
• 9:20
  I
• 9:20
  call
• 9:20
  middle
• 9:21
  ground
• 9:21
  thinking.
• 9:22
  But
• 9:22
  in
• 9:23
  the
• 9:23
  end
• 9:23
  you
• 9:23
  don't
• 9:23
  need
• 9:23
  perfect
• 9:24
  prediction,
• 9:25
  you
• 9:25
  just
• 9:25
  need
• 9:25
  a
• 9:26
  thoughtful
• 9:26
  strategy.
• 9:27
  The
• 9:28
  goal
• 9:28
  isn't
• 9:28
  to
• 9:28
  win
• 9:29
  the
• 9:29
  tax
• 9:29
  argument.
• 9:30
  The
• 9:30
  goal
• 9:30
  is
• 9:30
  to
• 9:31
  build
• 9:31
  a
• 9:31
  retirement
• 9:31
  strategy
• 9:32
  that
• 9:32
  serves
• 9:32
  your
• 9:33
  life
• 9:33
  faithfully.
• 9:34
  So
• 9:34
  if
• 9:34
  I
• 9:35
  was
• 9:35
  in
• 9:35
  your
• 9:35
  shoes,
• 9:36
  I'd
• 9:36
  review
• 9:36
  fewer
• 9:37
  things
• 9:37
  before
• 9:37
  making
• 9:38
  this
• 9:38
  shift.
• 9:39
  Look
• 9:39
  at
• 9:39
  your
• 9:39
  current
• 9:40
  federal
• 9:40
  and
• 9:40
  state
• 9:40
  marginal
• 9:41
  tax
• 9:41
  rates.
• 9:41
  Now
• 9:42
  you
• 9:42
  might
• 9:42
  be
• 9:42
  saying
• 9:42
  Ralph,
• 9:42
  you
• 9:43
  lost
• 9:43
  me.
• 9:43
  What's
• 9:43
  a
• 9:43
  marginal
• 9:44
  tax
• 9:44
  rate?
• 9:44
  That's
• 9:45
  the
• 9:45
  tax
• 9:45
  rate
• 9:46
  on
• 9:46
  the
• 9:46
  next
• 9:46
  dollar
• 9:47
  of
• 9:47
  income.
• 9:47
  It's
• 9:47
  basically
• 9:48
  what
• 9:48
  is
• 9:48
  your
• 9:48
  highest
• 9:49
  tax
• 9:49
  rate
• 9:49
  you're
• 9:49
  paying
• 9:50
  based
• 9:50
  on
• 9:50
  your
• 9:50
  income.
• 9:51
  Another
• 9:51
  thing
• 9:51
  you've
• 9:52
  got
• 9:52
  to
• 9:52
  look
• 9:52
  at,
• 9:52
  and
• 9:52
  we've
• 9:52
  talked
• 9:52
  about
• 9:53
  this
• 9:53
  on
• 9:53
  the
• 9:53
  show
• 9:53
  before,
• 9:54
  if
• 9:54
  your
• 9:54
  employer
• 9:55
  offers
• 9:56
  a
• 9:56
  match,
• 9:56
  then
• 9:57
  make
• 9:57
  sure
• 9:57
  you're
• 9:57
  at
• 9:57
  least
• 9:58
  doing
• 9:58
  that
• 9:58
  much.
• 9:59
  Another
• 9:59
  thing
• 10:00
  I
• 10:00
  want
• 10:00
  you
• 10:00
  to
• 10:00
  look
• 10:00
  at
• 10:00
  is
• 10:00
  your
• 10:01
  expected
• 10:01
  retirement
• 10:02
  income
• 10:02
  sources,
• 10:03
  Social
• 10:04
  Security,
• 10:04
  pension
• 10:05
  income,
• 10:06
  other
• 10:06
  investments.
• 10:07
  You
• 10:07
  might
• 10:07
  be
• 10:07
  somebody
• 10:08
  that
• 10:08
  you
• 10:08
  know
• 10:08
  your
• 10:09
  parents
• 10:09
  are
• 10:09
  leaving
• 10:09
  you
• 10:10
  a
• 10:10
  huge
• 10:10
  nest
• 10:10
  egg.
• 10:11
  You
• 10:11
  might
• 10:11
  have
• 10:12
  a
• 10:12
  ton
• 10:12
  of
• 10:12
  income
• 10:12
  in
• 10:13
  retirement.
• 10:13
  That's
• 10:14
  when
• 10:14
  that
• 10:14
  pre
• 10:14
  tax
• 10:15
  might
• 10:15
  not
• 10:15
  be
• 10:16
  as
• 10:16
  beneficial.
• 10:17
  But
• 10:18
  you
• 10:18
  also
• 10:18
  got
• 10:18
  to
• 10:18
  look
• 10:18
  at
• 10:18
  your
• 10:19
  tax
• 10:19
  savings
• 10:20
  from
• 10:20
  pre
• 10:20
  tax
• 10:21
  contributions
• 10:21
  and
• 10:22
  will
• 10:22
  that
• 10:22
  help
• 10:22
  you
• 10:23
  strengthen
• 10:23
  other
• 10:23
  parts
• 10:24
  of
• 10:24
  your
• 10:24
  financial
• 10:24
  life?
• 10:26
  And
• 10:26
  if
• 10:26
  those
• 10:26
  numbers
• 10:27
  point
• 10:27
  clearly
• 10:27
  towards
• 10:27
  a
• 10:28
  higher
• 10:28
  tax
• 10:28
  burden
• 10:29
  today
• 10:29
  than
• 10:29
  later,
• 10:30
  it's
• 10:30
  a
• 10:30
  no
• 10:31
  brainer
• 10:31
  increase
• 10:32
  the
• 10:32
  pre
• 10:32
  tax
• 10:33
  side
• 10:33
  making
• 10:34
  a
• 10:34
  very
• 10:34
  sound
• 10:34
  move,
• 10:35
  but
• 10:36
  I
• 10:36
  want
• 10:36
  to
• 10:36
  take
• 10:36
  this
• 10:36
  a
• 10:36
  little
• 10:37
  deep.
• 10:38
  Part
• 10:38
  of
• 10:38
  what
• 10:38
  you're
• 10:38
  really
• 10:39
  asking
• 10:39
  is
• 10:39
  not
• 10:39
  just
• 10:40
  what
• 10:40
  saves
• 10:40
  me
• 10:41
  the
• 10:41
  most
• 10:41
  money.
• 10:42
  What
• 10:42
  you're
• 10:42
  really
• 10:43
  asking,
• 10:43
  underneath
• 10:44
  the
• 10:44
  surface
• 10:45
  is,
• 10:45
  Ralph,
• 10:46
  how
• 10:46
  do
• 10:46
  I
• 10:46
  make
• 10:46
  a
• 10:46
  wise
• 10:47
  decision
• 10:47
  today
• 10:48
  when
• 10:48
  I
• 10:48
  can't
• 10:48
  fully
• 10:49
  see
• 10:49
  the
• 10:49
  future?
• 10:50
  Hey,
• 10:50
  none
• 10:51
  of
• 10:51
  us
• 10:51
  can
• 10:51
  see
• 10:51
  the
• 10:51
  future.
• 10:53
  But
• 10:53
  that's
• 10:53
  where
• 10:53
  stewardship
• 10:54
  becomes
• 10:54
  spiritual.
• 10:56
  Faithful.
• 10:56
  Money
• 10:57
  management
• 10:57
  is
• 10:58
  really
• 10:58
  about
• 10:58
  having
• 10:59
  perfect
• 11:00
  certainty.
• 11:00
  We
• 11:00
  just
• 11:00
  don't
• 11:01
  have
• 11:01
  that.
• 11:02
  But
• 11:02
  it
• 11:02
  is
• 11:02
  about
• 11:03
  using
• 11:03
  the
• 11:03
  information
• 11:04
  we
• 11:04
  have
• 11:04
  right
• 11:04
  now
• 11:05
  to
• 11:05
  make
• 11:05
  the
• 11:06
  wisest
• 11:06
  decision
• 11:06
  we
• 11:07
  can
• 11:07
  at
• 11:07
  this
• 11:07
  point.
• 11:08
  And
• 11:08
  also
• 11:09
  refusing
• 11:09
  to
• 11:10
  let
• 11:10
  fear
• 11:10
  run
• 11:10
  the
• 11:11
  process.
• 11:12
  God
• 11:12
  never
• 11:12
  asks
• 11:13
  you
• 11:13
  to
• 11:13
  control
• 11:13
  every
• 11:14
  future
• 11:14
  outcome,
• 11:15
  but
• 11:15
  he
• 11:15
  does
• 11:16
  ask
• 11:16
  you
• 11:16
  to
• 11:16
  be
• 11:16
  faithful
• 11:17
  what
• 11:17
  you
• 11:17
  know
• 11:18
  now.
• 11:19
  So
• 11:19
  if
• 11:19
  your
• 11:19
  current
• 11:20
  income,
• 11:21
  your
• 11:21
  current
• 11:21
  tax
• 11:21
  bracket
• 11:22
  and
• 11:22
  your
• 11:23
  current
• 11:23
  responsibilities
• 11:24
  all
• 11:24
  point
• 11:24
  towards
• 11:25
  a
• 11:25
  stronger
• 11:25
  pre
• 11:25
  tax
• 11:26
  strategy,
• 11:27
  there's
• 11:27
  nothing
• 11:27
  unspiritual
• 11:28
  about
• 11:28
  that.
• 11:29
  That's
• 11:29
  not
• 11:30
  fear,
• 11:30
  that's
• 11:31
  stewardship.
• 11:32
  Because
• 11:32
  in
• 11:32
  the
• 11:33
  end,
• 11:33
  you
• 11:33
  don't
• 11:33
  need
• 11:33
  a
• 11:33
  crystal
• 11:34
  ball
• 11:34
  seeing
• 11:34
  the
• 11:34
  future
• 11:35
  to
• 11:35
  make
• 11:35
  a
• 11:35
  faithful
• 11:36
  financial
• 11:37
  decision.
• 11:38
  So
• 11:38
  here's
• 11:38
  your
• 11:38
  win
• 11:38
  for
• 11:39
  today.
• 11:39
  I
• 11:39
  want
• 11:40
  you
• 11:40
  to
• 11:40
  look
• 11:40
  at
• 11:40
  your
• 11:40
  last
• 11:40
  pay
• 11:41
  stub
• 11:41
  and
• 11:41
  your
• 11:42
  recent
• 11:42
  tax
• 11:42
  return
• 11:43
  and
• 11:43
  identify
• 11:44
  your
• 11:44
  current
• 11:44
  marginal
• 11:45
  tax
• 11:45
  bracket.
• 11:46
  And
• 11:46
  next
• 11:46
  thing
• 11:47
  I
• 11:47
  want
• 11:47
  you
• 11:47
  to
• 11:47
  do
• 11:47
  is
• 11:47
  estimate
• 11:48
  your
• 11:48
  likely
• 11:49
  retirement
• 11:49
  income
• 11:50
  sources
• 11:51
  and
• 11:51
  replace
• 11:52
  those
• 11:52
  vague
• 11:52
  assumptions
• 11:53
  with
• 11:53
  actual
• 11:53
  numbers.
• 11:54
  Put
• 11:54
  numbers
• 11:55
  on
• 11:55
  the
• 11:55
  paper,
• 11:55
  then
• 11:56
  you'll
• 11:56
  be
• 11:56
  able
• 11:56
  to
• 11:56
  make
• 11:56
  a
• 11:56
  more
• 11:57
  informed
• 11:57
  decision.
• 11:58
  Let's
• 11:58
  get
• 11:59
  to
• 11:59
  our
• 11:59
  Bible
• 11:59
  verse
• 11:59
  today.
• 12:00
  It's
• 12:00
  from
• 12:00
  Romans
• 12:01
  chapter
• 12:01
  12,
• 12:01
  verse
• 12:02
  11.
• 12:03
  Never
• 12:03
  be
• 12:03
  lacking
• 12:04
  in
• 12:04
  zeal,
• 12:05
  but
• 12:05
  keep
• 12:05
  your
• 12:05
  spiritual
• 12:06
  fervor
• 12:06
  serving
• 12:07
  the
• 12:07
  Lord.
• 12:08
  Retirement
• 12:09
  planning
• 12:09
  is
• 12:09
  part
• 12:10
  of
• 12:10
  faithful
• 12:10
  stewardship.
• 12:12
  And
• 12:12
  that
• 12:12
  kind
• 12:13
  of
• 12:13
  diligence
• 12:13
  isn't
• 12:14
  just
• 12:14
  about
• 12:14
  money.
• 12:15
  It's
• 12:15
  about
• 12:16
  serving
• 12:16
  God
• 12:16
  wisely.
• 12:17
  But
• 12:17
  what
• 12:17
  he's
• 12:17
  entrusted
• 12:18
  to
• 12:18
  you,
• 12:18
  and
• 12:18
  he's
• 12:18
  entrusted
• 12:19
  all
• 12:19
  of
• 12:19
  us
• 12:20
  with
• 12:20
  so
• 12:20
  much.
• 12:21
  How
• 12:21
  about
• 12:21
  we
• 12:21
  pray
• 12:22
  together?
• 12:23
  Heavenly
• 12:23
  Father,
• 12:24
  thank
• 12:24
  you
• 12:24
  for
• 12:25
  giving
• 12:25
  us
• 12:25
  the
• 12:25
  opportunity
• 12:26
  to
• 12:26
  plan,
• 12:26
  Lord,
• 12:27
  and
• 12:27
  to
• 12:27
  think
• 12:28
  and
• 12:28
  to
• 12:28
  steward
• 12:29
  the
• 12:29
  resources
• 12:29
  you've
• 12:30
  given
• 12:30
  us
• 12:30
  wisely.
• 12:31
  And
• 12:31
  right
• 12:31
  now.
• 12:31
  I
• 12:32
  pray
• 12:32
  for
• 12:32
  the
• 12:32
  person
• 12:32
  who's
• 12:33
  trying
• 12:33
  to
• 12:33
  make
• 12:33
  a
• 12:33
  smart
• 12:34
  decision
• 12:34
  about
• 12:34
  retirement.
• 12:35
  And
• 12:35
  they
• 12:36
  feel
• 12:36
  that
• 12:36
  weight
• 12:36
  of
• 12:37
  wanting
• 12:37
  to
• 12:37
  get
• 12:37
  it
• 12:37
  right.
• 12:39
  Give
• 12:39
  them
• 12:39
  wisdom
• 12:39
  as
• 12:39
  they
• 12:40
  evaluate
• 12:40
  their
• 12:40
  options.
• 12:41
  Help
• 12:42
  them
• 12:42
  think
• 12:42
  clearly
• 12:42
  about
• 12:43
  taxes
• 12:43
  and
• 12:43
  their
• 12:44
  future
• 12:44
  needs
• 12:44
  and
• 12:45
  even
• 12:45
  their
• 12:45
  present
• 12:45
  responsibilities.
• 12:47
  Protect
• 12:48
  them
• 12:48
  from
• 12:48
  fear,
• 12:48
  Lord,
• 12:49
  and
• 12:49
  from
• 12:49
  pride
• 12:50
  and
• 12:50
  from
• 12:50
  that
• 12:50
  pressure
• 12:51
  to
• 12:51
  chase
• 12:51
  certainty
• 12:52
  they
• 12:52
  can't
• 12:52
  fully
• 12:53
  have.
• 12:54
  But
• 12:54
  instead
• 12:55
  help
• 12:55
  them
• 12:55
  to
• 12:55
  be
• 12:55
  diligent.
• 12:56
  Help
• 12:56
  them
• 12:56
  to
• 12:57
  be
• 12:57
  faithful.
• 12:58
  And
• 12:58
  mostly
• 12:58
  help
• 12:59
  them
• 12:59
  to
• 12:59
  be
• 12:59
  at
• 12:59
  peace
• 13:00
  as
• 13:00
  they
• 13:00
  make
• 13:00
  those
• 13:01
  adjustments.
• 13:02
  And
• 13:02
  remind
• 13:02
  them
• 13:03
  that
• 13:03
  wise
• 13:03
  stewardship
• 13:04
  is
• 13:04
  not
• 13:04
  about
• 13:04
  controlling
• 13:05
  the
• 13:05
  future.
• 13:06
  It's
• 13:06
  about
• 13:07
  honoring
• 13:07
  you
• 13:07
  in
• 13:08
  the
• 13:08
  decisions
• 13:08
  they
• 13:09
  make
• 13:09
  today.
• 13:10
  And
• 13:10
  we
• 13:10
  ask
• 13:10
  this
• 13:10
  in
• 13:11
  Jesus
• 13:11
  name.
• 13:12
  Amen,
• 13:14
  friend
• 13:14
  Your
• 13:14
  question
• 13:15
  shows
• 13:15
  maturity.
• 13:16
  And
• 13:16
  that's
• 13:16
  what
• 13:16
  I
• 13:16
  love
• 13:16
  about
• 13:17
  your
• 13:17
  question.
• 13:18
  You're
• 13:18
  not
• 13:18
  just
• 13:18
  contributing
• 13:19
  more,
• 13:19
  you're
• 13:20
  thinking
• 13:20
  more
• 13:20
  deeply
• 13:21
  about
• 13:21
  how
• 13:21
  to
• 13:22
  do
• 13:22
  it
• 13:22
  wisely.
• 13:23
  So
• 13:24
  again,
• 13:24
  if
• 13:24
  you're
• 13:24
  in
• 13:24
  a
• 13:25
  high
• 13:25
  tax
• 13:25
  bracket
• 13:25
  today
• 13:26
  and
• 13:26
  expect
• 13:26
  a
• 13:27
  lower
• 13:27
  one
• 13:27
  later,
• 13:28
  that
• 13:28
  stronger
• 13:29
  tax
• 13:29
  pre
• 13:30
  tax
• 13:30
  approach
• 13:30
  may
• 13:31
  be
• 13:31
  the
• 13:31
  better
• 13:31
  fit.
• 13:32
  But
• 13:32
  maybe
• 13:32
  some
• 13:33
  Roth
• 13:33
  can
• 13:33
  still
• 13:33
  help
• 13:33
  you
• 13:33
  build
• 13:34
  flexibility.
• 13:35
  And
• 13:35
  maybe
• 13:36
  you're
• 13:36
  wrestling
• 13:36
  with
• 13:36
  a
• 13:36
  financial
• 13:37
  decision
• 13:37
  like
• 13:37
  this
• 13:38
  one.
• 13:38
  I
• 13:38
  want
• 13:39
  to
• 13:39
  hear
• 13:39
  from
• 13:39
  you.
• 13:39
  You
• 13:39
  can
• 13:40
  send
• 13:40
  us
• 13:40
  a
• 13:40
  voicemail
• 13:41
  by
• 13:41
  going
• 13:41
  to
• 13:42
  financiallyconfidentchristian.com/voicemail
• 13:45
  we'll
• 13:46
  put
• 13:46
  a
• 13:46
  link
• 13:46
  in
• 13:46
  the
• 13:46
  show
• 13:46
  notes.
• 13:47
  It's
• 13:47
  super
• 13:47
  simple.
• 13:48
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• 13:55
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