quote:
I know I don't get the tax diversification that the roth provides but I don't care

I still have some money leftover for savings after I contribute to the retirement accounts. As long as all 3 accounts keep growing, I think I'll be alright. I like working and will probably work until I reach 70 or so.

No offense but this makes zero sense to me.

Why would you keep dumping cash into a savings account with taxable earnings when you could use a Roth as a savings account for all intents and purposes with the money growing tax free??

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Posted by Joshjrn

Baton Rouge

Member since Dec 2008

27444 posts

Posted on 2/3/13 at 10:46 am to jso0003

As opposed to starting a new thread, I figured I'd bump this. I'm in my mid 20's. First year attorney making around 50k. Trying to decide between a traditional IRA and Roth. As has already been mentioned in this thread, my theory behind leaning towards Roth is that I don't see myself remaining in the same tax bracket now as I will be when I retire, and I don't really need the tax savings now. Is there something I'm missing that would make the traditional IRA more attractive?

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Posted by Lsut81

Member since Jun 2005

80360 posts

Posted on 2/3/13 at 10:49 am to jso0003

quote:
Why would you keep dumping cash into a savings account with taxable earnings when you could use a Roth as a savings account for all intents and purposes with the money growing tax free??

+1

Aside from the fact that you are only going to earn, at the most, 1% on savings...

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