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[quote=Anonymous]Hello,

I am trying to figure out which type of retirement plan I should open. I am a teacher (not in DC area) and have the mandatory contribution to the pension plan, which I believe is 3-4% right now. I opened a TDA and contribute 2% to it. I am still in graduate school and plan to up those when I am not paying for school every month.

However, when I find myself able to save more, I don't know if I should open an IRA- or a roth IRA... or something else. I know traditional IRA is tax-deferred and roth is not, but I don't know how to choose which is right for me. I am going to see if there are financial advisors available through our union, but I thought some of the more experienced people on here may have some good advice.

Yes, I have googled around and read about differences between these accounts, but I have not found how you can identify which is right for you. Perhaps if you share what you chose and why, I will be better prepared. I am single, no kids, mid 20s.

Thank you![/quote]

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