Is There Any Reason to Use a Traditional IRA?

"America's IRA expert," Ed Slott, recently told other industry experts that "an IRA is just an IOU to the IRS." Slott says he doesn't see any benefit to using a traditional IRA right now because tax rates are so low. In this video, Dustin with Mundorf Wealth Management explains to Erin Kennedy why he agrees that more people need to consider tax-free accounts.

Because we are living in a historically low tax rate environment, it does make sense for most people to focus on contributing to tax-free accounts like Roths.  

However, there is no cookie-cutter answer; if you'd like to learn more about whether contributing to tax-deferred or tax-free accounts make sense for you, please reach out to Dustin with a call or text to the number on our website, or book a free chat by visiting www.LongLiveMyMoney.com

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