<prompt> Human: With a Roth IRA, my contributions are already taxed when I put them in the Roth IRA, and there are no taxes at withdrawal, so all interestdividendscapital gains are truly tax free.However, with a traditional IRA, my contributions and my interestdividendscapital gains are taxed as regular income when I withdraw at retirement, correct? Therefore the only advantage is the delay of this taxation, paying it later instead of now. How does that help me assuming no change in tax bracket or tax rate between now and retirement?Edit Maybe I just figured it out myself: If I use a taxable account, and I earn interest when I am 26, that interest is taxed that year. However, in a traditional IRA, that money that I would have had to use to pay taxes instead continues to compound for 34 more years.  <response>: Therefore the only advantage is the delay of this taxation, paying it later instead of now. How does that help me assuming no change in tax bracket or tax rate between now and retirement?If theres no change in tax rate between now and retirement, then youre still avoiding the 15 capital gains tax. Most people will end up in a lower tax bracket in retirement than their highest earning years though.As an aside, dont forget that money going into a taxable account is taxed, so growth on interestcapital gains gets hit with income taxes already, and then gets hit with capital gains taxes upon realization. Compare that to to a Traditional IRA account where it only gets hit with income taxes.Maybe I just figured it out myself: If I use a taxable account, and I earn interest when I am 26, that interest is taxed that year. However, in a traditional IRA, that money that I would have had to use to pay taxes instead continues to compound for 34 more years.Only dividends and interest is taxed each year. Things like growth in stock prices arent taxed until they are realized i.e. selling your stocks to withdraw money or rebalance. But youre correct in that this is another bonus of the IRA account. 