Of course, but it's essential to understand the tradeoffs. A traditional IRA goes under income taxes in retirement, while a Roth IRA is taxable. A conventional IRA features tax-deferred growth on your investments, which means that you won't pay taxes on the dividends paid out until you withdraw them from your account in retirement. The reason many people choose a Roth IRA is that they're most likely paying higher tax rates now than when they retire--and withdrawing money will most likely be taxed at their lower anticipated retirement rate rather than their current rate.