You and a friend are discussing personal finance and investment strategies. Your friend, who just graduated from college and landed his first job, tells you that he is choosing to invest $1,000 of each paycheck in a Roth IRA each year rather than in a traditional IRA because he strongly believes that it is the financially prudent decision to make for his future retirement. Is your friend right? Explain why or why not.

Answer rating: 100% (QA)

Your friends decision to invest in a Roth IRA can be financially prudent depending on his individual circumstances and financial goals Roth IRAs and t... View the full answer