Robert, age 55, plans to retire when he reaches age 65. He is not currently an active participant in any qualified retirement plan. His budget will allow him to contribute no more than $3,000 of his income before taxes to either a traditional IRA or a Roth IRA to provide retirement income. His marginal tax rate will be 28 percent until he retires, at which time it will drop to 15 percent. He anticipates a rate of return on either type of IRA of 7 percent before considering any tax effects. Prepare an analysis for Robert comparing the tax effects of investing in a traditional IRA and in a Roth IRA.