Should you go with a Roth, traditional IRA or 401(k)?

You are working and saving for retirement and you have a choice between a traditional IRA or 401(k) or a Roth version of the same type of account; so how do you choose? What is the primary factor should you consider? In the attached article by Roger Young, CFP, Senior Financial Advisor with T. Rowe Price, he explains who benefits from a Roth and when a traditional 401(k) or a traditional IRA may be a better strategy. Read his article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.
