You just got offered a job as a Senior Accountant at Tango Therapeutics, a local bio$-$tech startup known for developing novel cancer treatments. You believe in the work that Tango does and would love to stay with the company for your whole career. While selecting your benefits, you must decide on a retirement plan option. Tango offers a Roth plan or a Traditional plan for retirement savings. You consider several variables, constraints, and assumptions along with your personal goals and life plan:

Your starting salary is $$120,000$ and Tango Therapeutics typically increases employee compensation by $3\%$ each year.

You want to contribute $5\%$ of your salary to the retirement account, but must keep your after$-$tax take home pay the same regardless of whether you choose a Roth or Traditional account.

Tango's retirement investment options are expected to earn a $12\%$ rate of return, although it is not guaranteed.

If you make your career at Tango Therapeutics you will work for them for $30$ years and then will spend $20$ years in retirement.

At retirement, you will exit your retirement account investments and will annuitize the balance over your expected $20-$year retirement.

You know you should maximize your after$-$tax cash flow in retirement, but you also want to minimize the amount of tax you pay over your lifetime. Using $2022$ income tax brackets and assuming the inflation adjustments to tax brackets and standard deduction continue as trended from $2020$ to $2022,$ you have created the following Tableau visualization to aid you in making a decision. Hover your mouse over the graphs to reveal specific amounts for use in answering the following questions. Note, the Data pane provides a summation of values based on the selected Year$($s$)$ slider and Roth or Traditional option in the dropdown menu.

Review year $30,$ which is the year you plan to retire. What is the projected Market Value under each option in that year?

This projection covers $50$ years $-30$ years working and $20$ years retired. What is the lifetime Taxable Income and Tax expected to be if you choose the traditional retirement account?

Will the Roth or Traditional option have you paying less Tax over your lifetime?

Will the Roth or Traditional option have a lower average tax rate over your lifetime?

Will the Roth or Traditional option maximize your After Tax Cash Flow in retirement?