Can someone explain Roth IRA to me. Why would you be in a higher tax bracket when you're retired? Wouldn't you have limited income at that point?

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tax free growth and no taxes later is very appealing to old me. old me will thank young me.

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Back door is the way to go!

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Depends a lot on how you live.
May have several taxable income sources when retired, or may be on a tax-free fixed income or some mix of taxable and non-taxable (or previously taxed) income

not if you have investments, 401k, pensions, side hustle funds and so on.

General rule of thumb is if you’re early in your career and meet the income requirements (check the IRS publication), max out your Roth IRA ($6K per year)

You might also phase yourself out of being able to deduct your traditional IRA contribution fairly quickly, I believe it starts at 64k for single filers where ROTH allows for nearly double that.

I've always wondered the same thing. I saw no point in contributing to it unless you plan to continue working in some capacity well passed the official retirement age (when you're forced to begin withdrawing)

zero chance SS implodes. easy fix, remove the salary cap and it's solvent as-is for perpetuity.

by the time you're 65, a large proportion of your investment balance will be investment gains, not principal, so you'll pay tax now on the principal, but withdraw your larger sum of gains tax free.

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