<prompt> Human: Im opening an IRA for the first time this year for myself and my spouse and trying to decide whether to do traditional IRA or Backdoor Roth IRA. Our family income is over 200,000. I expect that in retirement we will be in a lower tax bracket than we are now. Is this a correct assumption if our only source of income is from retirement accounts? If our tax bracket is lower at retirement, then how is the Roth IRA more advantageous than a traditional IRA?  <response>: so how is this more advantageous than a traditional IRA?If you dont have a retirement plan through an employer, its not. If you do then its because you cant contribute to a deductible traditional IRA. 