I will be transferring old 401k funds to Betterment. As I understand it, a traditional IRA allows me to claim present contributions as deductions when filing taxes to avoid being taxed again on post tax contributions later in life... since Betterment only allows post-tax dollars as contributions. With a Roth IRA, only the gains would be taxed.
Edit --- the rep told me gains are taxed in a Roth with Betterment, but this confuses me because I thought earnings were not taxed?
Still having trouble figuring out which is more to my benefit. Can anyone put this answer in simple terms for me? I have done some research, but it just still hasn't clicked with me yet. It will with time. Thanks!