FiveK wrote: ↑Mon Feb 20, 2023 4:07 pm Things get speculative very quickly. E.g., even using a Simple method to estimate future income (let alone estimating the marginal tax rate that income will incur), different defensible sets of parameter estimates can lead to significantly different conclusions.
Speaking of the "over 50 and just starting" scenario, Old and Started in a Big Hole is just one example from today. That person is "forced" to go with a Roth IRA due to current income vs. the tIRA deduction limit, but at a lower income a traditional IRA would probably be best.
Fortunately the choice of traditional vs. Roth isn't as important as whether to invest or not. If this tool can help people choose to invest at all, that will be more helpful than a t vs. R suggestion.
Ok, thanks! Will keep it as is for now. Can add more complexity to handle situations as we deem necessary in the future.
Would love any other advice for improvement.