Son, did you open that Roth IRA like I told you to?
 Nope.
And why not?
Because I opened a traditional IRA instead.
We've been over all the benefits of the Roth IRA.
Yup, but I wanted a tax advantage now.
Because I make $45,000 a year at my job, if I put $6,000 of that into a traditional IRA, I get to deduct $6,000 of that from my taxable income. That way, I make under $40,400 a year and pay 0% capital gains taxes.
You're learning, son. I just followSocial Cap like you told me. He makes complex finance seem easy.

Discover the key differences between Roth IRAs and Traditional IRAs, understanding when to choose one over the other based on tax benefits and income. Find tips to navigate your retirement savings plan effectively.