I am 26 years old and would like to start building up a retirement fund. From the little information I know, Roth IRA taxes you on the money you invest in it now, and when you take it out there will be no taxes, unlike the traditional.
So my question is, if I see myself making much more money later down the line and possibly being in a higher tax bracket, would it make more sense to invest in a Roth IRA? I’ve seen many posts and discussions claiming that it wouldn’t matter etc etc,.. instead of me coming out with more knowledge I am left very confused.
Thank you so much for reading, and please write as much as you can. I want as much info as possible! Thank you in advance.