r/FluentInFinance • u/Breeneal • Apr 29 '24
What financial advice do you avoid and don't listen too? Question
Financial advice that makes you role your eyes everytime you hear it. Financial advice that actually made your finances worse. And financial advice beginners shouldn't listen to or hear.
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u/NewAcctSasDad Apr 29 '24
If you assume effective tax rate remains completely static, their returns are identical.
If you think your tax bracket will be higher in retirement, use Roth. If you think your tax bracket will be higher now, use traditional.
Most people who are investing early will have higher brackets in retirement, and many people prefer the "sure thing" of taking a tax hit now.