Most people say that Roth IRA is better. In general, if you think you'll be in a higher tax bracket when you retire, a Roth IRA may be the better choice. You'll pay taxes now, at a lower rate, and withdraw funds tax-free in retirement when you're in a higher tax bracket.
However, when you are retired, you technically won?t be working. Thus, you should be at a lower tax bracket than when you are working. So isn?t a IRA better? You get taxed at a lower bracket when you start withdrawing in your 60-70s. And it gets to grow faster because you don?t pay taxes when you contribute to it like you do with a Roth IRA. Thoughts?
However, when you are retired, you technically won?t be working. Thus, you should be at a lower tax bracket than when you are working. So isn?t a IRA better? You get taxed at a lower bracket when you start withdrawing in your 60-70s. And it gets to grow faster because you don?t pay taxes when you contribute to it like you do with a Roth IRA. Thoughts?