If an individual expects to be in a lower tax bracket during retirement, contributing to a traditional retirement account provides a more valuable immediate tax break than the tax break received when withdrawing funds from a Roth account in retirement.

Authors

• Person: Not available Organization: TurboTax
  Tax-Advantaged Accounts: How They Can Boost Your Savings

Sources

• Tax-Advantaged Accounts: How They Can Boost Your Savings turbotax.intuit.com TurboTax via serper

Referenced by nodes (1)

• Roth retirement account concept