Personal Finance

+1 for Roth IRAs.

One of the factors that would lead me to choose a Roth is the consideration of whether I'll be in a higher tax bracket when I retire versus where I am now. If so, a Roth would allow me to get the taxes out of the way, before making contributions to my account, and allow the earnings over the years to accumulate tax-free. A traditional IRA gives me tax deductable contributions, but only tax deferment on my earnings, which means disadvantages if I am in a higher tax bracket when I retire, as I am probably not benefitting so much from those deductions right now.

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