I am currently a stay at home mom (my children are 5 and 2) but I do work 10 hours a week, and my husband has a traditional IRA that we want to max out every year. I don't have a retirement account yet (I know, bad)! but I keep hearing conflicting information about which type to open for myself. '
My husband makes $57,000 gross - he has a traditional IRA
I make about $13,000 gross - I have none
I heard on "Radical Personal Finance" that both Roths and IRA actually net the same money in the end and that he prefers traditional IRA's but i have seen on here that many say that the other spouse should open a Roth?
I am confused as to which type should I open? It seems that we fall into the 25% tax bracket combined ...