You have a lot of options when it comes to saving for retirement
. That means a traditional IRA is typically best for someone who expects to pay a lower tax rate in the future or who has a shorter time frame for their investments to grow before they begin to withdraw.Contributions to a Roth IRA are not tax deductible today. This means you do pay taxes on contributions you make this year. But in exchange, you. If you are a younger investor with decades for your investments to grow before retirement, a Roth IRA is a great option.
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