Here are 3 Reasons why you should Choose the Traditional IRA over the ROTH IRA to Become a Millionaire.

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Problem #1:
You can’t leverage your money with a ROTH IRA the way you can with a Traditional IRA. The Traditional IRA allows you to avoid taxes now so you have more money to go and invest with upfront and avoid paying taxes to the government upfront.

Problem #2:
Don’t ever plan to pay Taxes on the Traditional IRA either. There are multiple ways you can buy real estate with the money you saved from not paying taxes that you would have paid with a Roth IRA. Now, you have more money upfront to go and invest with into real estate and pass your real estate portfolio down to your kids. You can use the 1030 Exchange as many times as you like and defer paying taxes to the government and tell them you’ll pay them later and never do by passing the houses down to your children.

Problem #3:
The government constantly offers incentive to people with taxable retirement accounts where you can avoid paying taxes by using the incentives they have at that time such as the Real Estate Opportunity Zone. The Roth never gives you this option and you can miss out on extra tax saving advantages you can get with a Traditional IRA.

So make sure to choose which of these retirement accounts is best for you because this can make a huge difference for you in the future.

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