If you expect to be in a higher tax bracket in retirement, a Roth IRA is generally better (pay tax now at a lower rate). If you expect to be in a lower bracket, a traditional IRA saves you more (deduct now at a higher rate). For many people, having both provides tax diversification — flexibility to draw from either account depending on your tax situation each year.
This answer is provided for general informational purposes only and does not constitute financial advice. Every family’s situation is different. For personalized guidance, schedule a free consultation with our team.
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