Craig Wear, CFP®Craig Wear, CFP® | Expert in Roth Conversions & Tax-Efficient Retirement Strategies for IRA Millionaires

Best IRA for 2025: Roth vs. Traditional Explained

31 Oct 2025 · 1 min

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This content was created by Craig Wear, CFP®. This content was uploaded by Craig Wear, CFP®. This is a YouTube video titled "Best IRA for 2025: Roth vs. Traditional Explained" created on October 31, 2025, featuring Craig Wear, CFP® discussing the differences between Roth and Traditional IRAs, including tax implications and strategies for maximizing future net worth.

Questions this video answers

$161,000 (single filer, 2025).

$7,000 if under 50; $8,000 if 50 or older.

Chapters

Roth IRA versus Traditional ira. Which one is smarter? Everyone talks about opening an ira, but the big question is, should you go Roth or traditional? So with a Roth ira, you're going to pay taxes on your money now, but it grows and comes out 100% tax free in retirement or just later in life. With the traditional ira, you skip the taxes now, but you pay later when you withdraw. So if you're a single filer making $161,000 in 2025, you can contribute directly to a Roth IRA. You if you're over that, you're going to have to go with the traditional or use maybe a backdoor Roth strategy. The contribution limits are the same. 7,000 if you're under 50 and 8,000 if you're over 50. If you're just starting out saving, definitely go with the Roth. If you've already accumulated large pre tax savings, I'd really suggest that you look at limiting your contributions and begin using some of that money for conversions. You're going to want a coordinated strategy to maximize your future net worth and minimize your future taxes. And you can do that through conversions. But whatever you do, don't wait. If you have large pre tax savings, it's definitely in your best interest to get that plan for converting your accounts and get it now.