… when comparing traditional and Roth IRAs is to base it on your anticipated post-retirement income. I’ve always personally been in favor of traditional IRAs since I want the tax break now in order to invest more money. Turns out I was right to feel that way… Sort of…
I tend to agree with you about this. However, I’ve heard some good arguments that it’s very possible that tax rates will be higher in the future than they are today. That would be the best argument for the Roth.
If you can withdraw tax free in the future when tax rates are higher than today you could be better off. But who knows how taxes will shake out in the future.
Great article thanks for sharing.