investor’s remorse

Went to the bank today and had this conversation with the bank manager .

BANK MGR: “Have you looked into some investment options? Our investment advisor’s in today.”
ME: “Yeah, I opened a Roth IRA and maxed it out to $4,000 for 2005.”
BANK MGR: “Roth IRA? May I ask why you chose a Roth instead of the traditional? Reason I’m asking is because I usually go with the traditional IRA because of the upfront tax savings.”
ME: “Well, I figured a Roth IRA not only can help me save for retirement, but also can serve as an emergency fund.”.
BANK MGR: “I usually advise that emergency funds be in something more liquid, such as a money market, or savings/checkings, or even CDs. And the reason I go with a traditional IRA is that I can deduct that amount from my income, so say I max out my traditional IRA contribution ($4,000), I can deduct this and save about $1,000 dollars ($4,000/4), since in my tax bracket, I have to pay 25% of my income over initial $29,700. ”
ME: . . .

So the moral of the story’s that my decision to go with a Roth IRA instead of a traditional IRA probably cost me around $1,000 dollars this year. One should also keep in mind that most if not all retirement accounts are only eligible for those who make under a certain amount (Roth IRA: $110,000, etc.).