So, Brian, you know one of the things that we love doing, one of our favorite things is answering your questions.

So right now we have this live chat going. If you have questions, make sure that you load them in here,

and we're gonna kind of pick a few, and rebe even told me we can send Tumblr to everyone today. That's what she said.

So we are gonna, she's really excited about it for the July.

So she's gonna send you guys some Tumblr. So if you have a question, get it in here.

I've got the team on the wings loading us up.

It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, investing, taxing.

You've got financial questions, he's got financial answers. It's Brian Preston, the money guy.

This is what first one is from Michael. Michael said, Roth IRA versus IRA. I'm assuming it means traditional.

This is a pretty simple question. Are the yearly tax write offs from the IRA greater than not paying taxes on the gains in the Roth?

He's asking the age old question, which one is better? And I'll kind of tag on here the end. How do I know?

Yeah, it's, it depends. I hate answering questions with questions, but really there's more variables that are needed.

Here's, let me go ahead and give you the decision.

Items you need to be considering. First of all, we love Roth because Roth assets, whether it's IRAs, whether it's a 401k,

43b's, what's in the brochures is that these things grow completely tax-free. You put in after-tax money, meaning that you didn't take a tax deduction to create these assets,

but once you put them in these tax-favored Roth accounts, they grow all their dividends, all their interests, all their capital appreciation is going to be completely tax-free.

That's a pretty valuable thing, especially if you're a person who's young. Think about a 20-year-old that every dollar they put into a Roth IRA, at age 20, has the potential of becoming $88 by the time they're 65. That means that $87 of growth is not going to be tax-free.

That creates a lot of opportunity for young people because that exponential growth, we know that's what you're going for, is that compounding interest growth, is going to be allowed to work uninterrupted by taxes.

That's super powerful, but there is an alternative path you need to take into account.

This usually happens as your income keeps going higher and higher and higher. The fact that you'll notice that the tax man starts taking more.

We have a progressive tax system. Yes, there are people like Jeff Bezos who pay zero income taxes because they'd rather pay their attorneys, millions of dollars, versus paying the IRS, what they should pay in income taxes.

I'm not denying that there are billionaires who are scurrying taxes, but the reality is, your typical small business owner, probably that factory down the street, it's in your community, they're paying lots of taxes.

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