Should I Contribute to a Roth IRA or a Traditional IRA? [New for 2025]
Independent Retirement Accounts a great investment for your future in retirement.
But, understanding which IRA is right for you can be overwhelming.
This FREE flowchart covers many different situations that highlight the best choice for your IRA contribution. The flowchart covers questions you may have regarding which IRA is best for you to contribute to, including questions like:
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Are you eligible to contribute to both a Roth and Traditional IRA?
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Do you expect your future marginal tax rates to increase?
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Will you need retirement income from the IRA?
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Do you plan to maximize your contributions?
Download our FREE IRA Comparison checklist now.
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Disclosures:
Services offered by Covenant Wealth Advisors (CWA), a fee only financial planner and registered investment adviser with offices in Richmond, Reston, and Williamsburg, Va. Registration of an investment advisor does not imply a certain level of skill or training. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks. Investments involve risk and there is no guarantee that investments will appreciate. Past performance is not indicative of future results.
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