Do you have a Roth IRA?

Do you have a Roth IRA?
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1 Answer

Answer :

answer:If you make the same amount of money and tax rates never change your whole life the IRA and the Roth IRA will result in the same amount being taxed and the same amount being saved. The difference is if you pay taxes now (the Roth) and enjoy tax free growth of your money, or if you pay taxes later (traditional) when it’s time to withdraw the money for retirement. For most people (especially young people) the Roth is a better deal because they’re being taxed at the lower brackets and at the higher brackets as they age and their careers/salaries mature.
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