human
How do I choose between a traditional or Roth IRA?
assistant
When deciding between a traditional and Roth IRA, it is important to consider your current financial situation and future goals. A traditional IRA offers tax-deductible contributions, but withdrawals are taxed when you take them out in retirement. Roth IRAs offer no upfront tax benefits, but the money grows on a tax-free basis. Consider which option best fits your needs and goals before making a decision.