“It’s like having to choose a favorite child or parent,” he said. Like Auten and Schneider, Meadows said the choice relies heavily on the tax implications of each.
“Since we’re all planning on retiring wealthy (right?), the advantage of the Roth IRA is that you don’t have to worry about being taxed in a higher tax bracket in retirement,” said Meadows. “However, if you prefer compound interest, you’ll want all that pre-tax money in your traditional IRA to help the Georges become Benjamins.”