Since we're growing up, I'd like your thoughts on traditional versus Roth IRA. The conventional train of thought is to put money into a traditional pre-tax IRA if your tax rate is higher now than it will be in retirement.
Some public voices are now saying that since contributions AND earnings in a Roth come out tax free, Roth makes sense for most everyone regardless of income. Pre-tax IRA contributions reduce your taxable income going in but both contributions and earnings get taxed on withdrawals, so even at a lower rate you can end up paying more taxes than with a Roth.
Thinking I should put everything into Roth. Why wouldn't that make sense?