In a Regular IRA$/401$K$,$ your contributions are tax deductible $($For eg$.$ a $$6,000$ contributed to a Regular IRA$/401$K$,$ will reduce your taxable income by $$6,000)$ and then your money grows in the account tax deferred $($i$.$e no taxes due on income or capital gains$).$ At retirement, when you withdraw money from the IRA$/401$K you pay taxes on the withdrawal.

In a Roth IRA$/401$K$,$ you don't get tax deductions when you make contributions. But, once money is in the account you don't have to pay taxes on the growth or when you withdraw money at retirement.

Considering you age and income level would you contribute to a Regular IRA$/401$K or a Roth IRA$/401$K $?($HINT: Your tax rate increases with income$)$