I got a new job this year and now make $80k/year. I max out a Roth IRA and contribute 8% of my income to the Roth 401k for a 3% match. My spending is at about $36k/year, so assuming that holds steady, I think my tax rate would be lower in retirement than it is now. So…does it make more sense to avoid the taxes now by contributing to a traditional IRA? Or is there another reason that the Roth is still a better choice?
This content was originally published here.