Younger individuals are less likely than older people to choose the Roth Individual Retirement Account in saving for retirement.

Question

Quizplus · Accepted Answer

Younger individuals are often advised to choose the Roth IRA for retirement savings because they are typically in a lower tax bracket now than they will be in the future, making the tax-free withdrawals of a Roth IRA more beneficial as their income grows.

Younger Individuals Are Less Likely Than Older People to Choose