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Financial Planning / Tax Strategies


Subject:  To Roth or not to Roth Date:  1/30/1998  8:31 AM
Author:  jakesdad Number:  1614 of 133017

Good Morning Fellow Fools,
I am pondering whether or not to start my IRA as a Roth or regular IRA. I know that all of my withdrawls in the future would be tax free, but I am losing the valuable tax deduction now. I am 30 years old and this scenario has 30 years to develop. If I take the deduction now and pay the tax later I would only be paying 15% tax in the future (all things remaining the same as now)and getting a 28% break now, which is much needed. Any comments, suggestions, or analysis would be greatly appreciated.
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