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<p>[QUOTE=&quot;Blaubart, post: 1669747, member: 37498&quot;]Also - This largely depends upon your unique situation.</p><p><br /></p><p>If you&#039;re married and making decent money now, it might not make sense for both people to have Roth IRAs.&nbsp; My wife has a Roth IRA and I chose to keep my traditional IRA.&nbsp; If all of our income in our senior years was tax free, we&#039;d be missing out on the tax deductions available to us in those years.&nbsp; So, we&#039;ve chosen something of a hybrid strategy to take advantage of some tax breaks now when we can use them the most, and the tax breaks that will be available to us in the future.</p><p><br /></p><p>Of course some people will say you&#039;ll pay more in taxes with a traditional IRA than a Roth IRA, and that might be true, but it isn&#039;t all about taxes.&nbsp; I don&#039;t mind paying my fair share of taxes.&nbsp; To me, it&#039;s about what will result in more money in my pocket when I retire.&nbsp; Let&#039;s say my wife and I both contribute $4k to our IRAs.&nbsp; If they were both Roth IRA&#039;s, we&#039;d both pay taxes on that income today.&nbsp; Let&#039;s say those taxes come to only $1k.&nbsp; My question is where does that $1,000 come from today?&nbsp; If you invest the $8k in traditional IRAs, what do you do with the $1K you are saving in taxes today?&nbsp; If you invest it in your brokerage account and realize a good return, you&#039;ll come out ahead.</p><p><br /></p><p>If you only look at the total dollar amount the average Roth IRA holder will pay in taxes, then yes, Roth IRA&#039;s should result in a lower tax burden on average.&nbsp; But if you take all other factors into consideration, a Roth IRA might not result in a lower tax burden, and they might not be the best option for you.</p><p><br /></p><p>Furthermore, Roth IRA&#039;s <i>can</i> save some people money, but keep in mind that wasn&#039;t the true reason they were created.&nbsp; They were created to increase tax revenue in the short term at the expense of tax revenue in the future, while telling people they would pay less in taxes in the long run.&nbsp; In other words, Senator William Roth wanted to get reelected, but didn&#039;t really care about the long term financial health of our government.[/QUOTE]</p><p><br /></p>

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