Tax season means we'll have to make choices
MARQUETTE -- It's that time of year when you have to decide whether you want to put money into an IRA as an investment for your future.
The question: Is it better to invest in a traditional IRA or a Roth IRA? Financial advisor Mark Aho says that depends.
"I think a simple thing to take a look at and to have in consideration would be your current tax bracket," explains Aho. "Now, if you're in a higher tax bracket, you may still want to consider doing a deductable IRA. If you're in a very low tax bracket, however, it make a lot of sense to go with a Roth."
Aho further suggested that this might be a good time to invest in an IRA since prices have been volatile. Get in at a low price and you'll be set up nicely for long-term gains.
TV6 Facebook fan Donna Nelson-Hilborn had her own comment, however: "In this economy, who has the money to do either?"
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