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jimbeck99
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Should I make an IRA contribution to a REGULAR or ROTH IRA?

making a max contribution to IRA for the tax deduction. Should I contribute to my ROTH or Regular? I will be using already taxed income for the contribution.
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Accepted Solutions

Should I make an IRA contribution to a REGULAR or ROTH IRA?

If you want a tax deduction then you need to do a Traditional (or regular) IRA.

A Roth IRA is not deductible but also not taxable when taken out.

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1 Reply

Should I make an IRA contribution to a REGULAR or ROTH IRA?

If you want a tax deduction then you need to do a Traditional (or regular) IRA.

A Roth IRA is not deductible but also not taxable when taken out.

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