If you save via a traditional 401k or IRA, think about this.
You get a tax break by saving on a pre-tax basis, but later you pay taxes on your contributions, any employer match and on earnings … that’s ordinary income taxes, not capital gains.
You save on taxes while you’re working and the IRS gets back what lost revenue occurred during those years.
Once you are retired, the theory says you will be in a lower tax bracket. But will you?
Look at what is happening to the federal (and many state) budgets. Higher deficits, higher debt, greater borrowing.
It all adds up to one thing; higher taxes‼️
Soooo, does it still make sense to save on a pre-tax basis?
You may want to consider saving in a Roth IRA, Roth 401k if available or after-tax 401k savings.