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I forgot to ask you this question, for signing up for an…

I forgot to ask you...
I forgot to ask you this question, for signing up for an IRA, what would be the best option: Roth or Traditional?Again, I make around 75k from my w2 employment that doesn't offer a 401K program, and I expect to net around 25K this year from my LLC.Thanks
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3/21/2018
Lane
Lane, JD, CFP, MBA, CRPS
Category: Finance
Satisfied Customers: 14,677
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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I would do the traditional for now, since you have NO other pre-tax options.

...

At some point it would make sense to start to build both. (especially when you start having that workplace plan that restricts the ability to do a DEDUCTIBLE traditional IRA).

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Lane
Lane, JD, CFP, MBA, CRPS
Category: Finance
Satisfied Customers: 14,677
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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