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RE: How to Setup a Self-Directed Traditional or Roth IRA For Cryptotoken Investments

in #financial9 years ago

I find the tax-free advantages of the Roth IRA to greatly outweigh the tax deferment that the Traditional IRA offers. This is simply due to the fact that I find taxation to be nothing more than legalized theft. If the US Congress wants to create laws that allow me to not pay taxes, I will gladly follow those rules and reap the rewards.

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I agree with your sentiments about taxes in general. Roth IRAs have good additional benefits, esp if tax rates are lower now than retirement, but you use after-tax dollars for Roth contributions (traditional IRAs let you deduct contributions) so to compare a Roth to a Traditional you can compare tax rates now vs. the future.