Should I choose a Roth IRA or a Traditional IRA?

Choose based on whether you'd rather pay tax now or later. A Roth IRA uses after-tax dollars and grows completely tax-free, with qualified withdrawals tax-free in retirement – best if you expect to be in the same or a higher tax bracket later, which is common for younger or rising earners. A Traditional IRA may give you a tax deduction today (if you qualify) but taxes every dollar you withdraw in retirement – better if you're in a high bracket now and expect a lower one later. For 2025 you can contribute up to $7,000 ($8,000 if 50 or older) to either, combined. When unsure, many people split or lean Roth for the tax-free flexibility. Run the numbers at wealthserene.com/tools/roth-vs-traditional to see which leaves you with more after-tax money.