Stop Donating to the IRS: Why Traditional IRA Beats Roth
Everyone loves the Roth IRA. It is the golden child of the personal finance world. “Pay taxes now,” they say, “so you never have to pay them again!” It sounds great emotionally. Mathematically, for the average engineer or professional, it is often a mistake. If you are earning $100,000, you are firmly in the 22% Federal Tax Bracket (plus state taxes). By choosing a Roth, you are volunteering to pay that 22% rate on money you don’t plan to touch for decades. ...