[hn_throwaway_99]

It's not only about being in a lower tax bracket in retirement. Tax deferral means that your compounding rate of return will be faster now before you retire, because instead of giving money to the government you can invest it in something that produces a return. I think the section of the article I linked explains it pretty well.

[lostmsu]

The article does not explain anything. There's no math to back it up either. From what I understand, the difference in the compounding rate of return is actually 0 at all time if you add the liquidation tax liability (which you have to) as a negative value to the net worth graph. The only benefit is that tax brackets (might) go down, which is exactly what people are saying.

[dataflow]

I get that. But how much do you think $10M right now would compound to? How would that compare against an >$80B net worth?