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What is the difference between a ROTH IRA and a regular IRA?

April 26, 2017difference IRA regular roth ira

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What is the difference between a ROTH IRA and a regular IRA?

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They both have the potential to grow tax deferred but the Roth IRA is also TAX FREE (certain requirements apply) at retirement time, where as the withdraws from a regular “deductible” IRA is 100% taxable. Withdraws prior to age 591/2 for both may be subject to a 10% penalty and taxes.