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Traditional IRAs grow tax-deferred .
Roth IRAs grow tax-free. Their disadvantage is that your contributions are not tax-deductible. Whether you will benefit more from a Roth IRA depends on variables such as how long it will be before you retire, when you plan to start taking distributions, and your tax bracket now and at the time of retirement. Even if you're eligible to contribute to a tax-deductible Traditional IRA, you may benefit over the long run by investing in a Roth IRA instead. The tax advantage in a Roth IRA increases with the number of years between the time that you establish the Roth IRA and the time you begin taking distributions.