If you start saving for retirement only in your later years and your income growth from that point is rapid then ________________________.

Question

Quizplus · Accepted Answer

If your income growth is rapid, it is likely that your tax bracket will also increase in the future. Therefore, by choosing a Roth IRA, you can pay taxes now at a lower rate and withdraw tax-free in retirement when your tax bracket is higher.

If You Start Saving for Retirement Only in Your Later