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Aaron, a 30-year-old software engineer, earns an annual salary of $90,000 and is single. He is interested in saving for retirement and is considering contributing
Aaron, a 30-year-old software engineer, earns an annual salary of $90,000 and is single. He is interested in saving for retirement and is considering contributing to an IRA. However, he is unsure whether to choose a Traditional IRA or a Roth IRA. Compare and contrast the tax implications of contributing to a Traditional IRA vs. a Roth IRA for Aaron in his current and future tax brackets (consider potential career progression). Furthermore, which plan would you advise Aaron to proceed with
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