Traditional individual retirement accounts, which are funded with pretax money, and Roth IRAs, which are for post-tax money, have different rules for retirement savers.
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"With a traditional IRA, you're at the mercy or uncertainty of what future higher tax rates might do to your retirement savings," Slott said. "With a Roth IRA, you don't have to worry about future rates, because your tax rate in retirement will be zero."
With traditional IRAs, you are forced to take distributions starting at age 70½. Roth IRAs aren't subject to required minimum distribution rules.more details click here
Lorie Konish | @LorieKonish
Personal Finance Reporter
