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Get your taxes done using TurboTax
The traditional IRA ... you can deduct the contribution on the current year return and save taxes now but all the distributions later are fully taxable.
OR
The ROTH IRA ... you do not get any current year tax savings but all the distributions later are TAX FREE.
So do you want/need the deduction now or do you want to wait for the bigger reward later ?
‎June 8, 2022
10:10 AM