What is the difference between a Roth IRA and a Traditional IRA?
The major difference between a Roth IRA and a Traditional IRA is that Roth IRA contributions are not tax deductible, but the withdrawals will not be taxed as long as you do not take them within five years of when you opened your account and not before you turn 59-and-a-half years old. See IRS publication 590 for additional information.
