It's probably the best option
For people who are looking for relief from today's tax bill, making a contribution to a traditional IRA offers a welcome tax deduction.
"If your tax situation is very high today and you expect it to be lower after you retire, then you want to use a regular IRA or 401(k)," says Armstrong.
But taking advantage of the tax break today leaves many of the valuable benefits of the Roth on the table.
"In most cases our analysis has indicated that if you are eligible and have options, the Roth IRA over time is going to deliver a greater benefit in retirement. The ultimate benefit is in retirement because they are tax-free and can stay in the tax-free account even longer. In all the comparisons, putting money into the tax-free option will typically outweigh the other options," Hevert says.