Originally Posted by larryinalabama
IRAs are simply tax deferred, meaning you will pay taxes on the money at a later date. Naturally it makes sense to take any match that your employer will put in. But see a tax attorney/accountant or you will get royally screwed.
Post tax investments are preferred, at least in my world.
Roth are not tax deferred you pay tax on it as regular income now. But at retirement you are tax free on it and all gains it has had. There are no way to know what rates will be in the future but seeing the top rates are over 40% now have been 70% in the 70s and once it was 96% id rather avoid what may be a very costly mistake. Forget the 17 trillion we have in national debt or the 20 trillion it will be when O finally leaves. We have what some say is 100-200 trillion in unfunded liabilities. That may get very ugly when we try to pay off government works who no longer work but expect full salaries.