Reply To: Question: Which is better, the regular IRA or the Roth IRA?
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Yikes! I hope you love your job. Do you have any savings? Not knowing your current income, assets, debts, etc., I would recommend putting the maximum in a traditional IRA. And put the extra money (from the tax savings and anything else you can save) into regular saving/money market account. Sometimes we forget that we have the most flexibility by having money in a savings account before and during retirement. Starting to save for retirement at 50 is a real challenge, but if you change your habits considerably, you can get a decent nest egg.