Absolutely. Tax, and of course death, are the only two

sure things in your life.

There are limited tax code which still allows certain ways to regulate a family's wealth, for which IRA is one of them. If your wealth grows to a supper rich status, then you will be struggling more with the tax code and try to find a way to accommodate it for your own benefit.

Only at that time, income becomes less meaningful while tax on different forms takes the center stage.

Are you supper rich yet according to your own standard?

If yes, you've already known how to avoid tax as much as possible. If not yet, then IRA provides an entry level money management and financial planning strategy you can use to fight the tax, which you can't afford to ignore. Financial management takes discipline and time, therefore, prepare 10-15 years before you truely understand your own situation and discover ways to satisfy your own comfort level.