Glad you asked! 🦸♀️ Traditional IRA: 👉 You may get a tax break now when you contribute. 👉 You pay taxes when you withdraw the money in retirement. Roth IRA: 👉 You pay taxes now on the money you contribute. 👉 You can generally withdraw your contributions and qualified earnings tax-free in retirement. The question to ask yourself: Would you rather potentially save on taxes today or potentially save on taxes in retirement?
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