Our broker is very aware of our financial plan and has been working very hard to build ours up at the “tax free” level right now. Once dh retires we will row his current contributions into the standard IRA and then only draw out basically the earnings monthly to supplement our other income. At least that is the plan.
01ks are pre tax dollars. You pay the taxes when disbursed to you in retirement. In theory, you might be in a lower tax bracket than you are now at retirement.
Roths are contributed to with after tax dollars, and upon disbursement you aren’t taxed again on those dollars.