Anqi Chen, assistant director of savings research at Center for Retirement Research, Boston College, Chestnut Hill, Massachusetts. She is coauthor of the new study “How Much Taxes Will Retirees Owe on Their Retirement Income?” CRR.bc.edu
Traditional IRAs allow pre-tax contributions and tax your withdrawals; Roth contributions are with after-tax dollars and withdrawals are tax free. What’s the right type for you?