You won't start to build equity for many years, so you should think about those mortgage payments as little more than rent with the added benefit of a tax deduction. (nasonlawfirm.com)
The contributor receives the short term benefit of the tax deduction for the contributions, while the annuitant, who is likely to be in a lower tax bracket during retirement, receives the income and reports it on his or her income tax and benefits return. (moneysense.ca)
In choosing between a traditional and a Roth IRA, employees can weigh the immediate tax benefits of a tax deduction this year against the benefits of tax - deferred or tax - free distributions in retirement. (us.axa.com)