The decision between a Traditional IRA and a Roth IRA depends on several factors, including your current and future tax brackets and specific retirement goals. If you expect your tax bracket to be higher in the future, a Roth IRA may be advantageous, as it offers tax-free withdrawals in retirement. On the other hand, if you anticipate a lower tax bracket in retirement, a Traditional IRA with its upfront tax deductions may be a better option. It is also possible to have both types of accounts to hedge against tax risk, as long as you stay within the IRS' annual contribution limits.