Quote:
Originally posted by gar1976
If you can, do a regular IRA waaay before you consider a roth.
Regular IRA - tax break now. You can figure out your tax savings.
Roth - tax break....when? Who knows what the tax laws will be in 30 years. Look how much they've changed in the last 30.
Plus, a dollar in tax savings now is worth well more than a dollar in tax savings in 30 years.
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Good point about considering a Regular IRA...
But, the decision should also be based on whether you have a 401(k).....income level.....desire to potentially withdraw a portion in the not-to-distant future....and several other factors that you can explore on most financial websites (Motley Fool comes to mind).
Best of luck regardless of what you do. We're all pulling for you.