Let's assume he contributes $325 month into a Roth IRA at 8%/year instead of paying down his credit card debt. (Since I don't want to figure the tax advantages of Traditional IRA) At the end of 82 months his Roth balance would be $30,590.But would the OP really invest the money? For the past 10 years, he has invested less than an average of $3900/year in his 401(k), which is an automatic investment once set up. Investing in a Roth would take more effort than investing in a 401(k).I think we can agree that age 57 it is better to have a Roth IRA worth $30,590 vs a traditional IRA of $34,487. But I think we can also agree that it's better to have a traditional IRA of $34,487 than to have nothing, which is more likely given the propensity to save (or not) that has already been shown by the OP.AJ
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