Reply To: Question: Which is better, the regular IRA or the Roth IRA?

Home Forums General Discussion Question: Which is better, the regular IRA or the Roth IRA? Reply To: Question: Which is better, the regular IRA or the Roth IRA?

#134914
Karla Bowsher
MTN Staff

@ozob, as your question hints at, the traditional vs. Roth IRA decision requires you to know certain factors about your future (like your tax bracket) at the time you make the decision.

That’s impossible, but you make educated guesses. For example, retirement is a couple of decades away for me and I’m not yet married, so I chose a Roth partly based on my educated guess that I will be in a higher tax bracket when I retire. (I do have some money in a traditional IRA because of a 401k I had to roll over, but I currently put all of my annual $5,500 max contribution in the Roth.)

I also read everything I could find (from reputable sources) about traditional vs. Roth before deciding. I found this story by Stacy most helpful: http://www.moneytalksnews.com/ask-stacy-roth-or-regular-ira/