Main Differences Between a Roth IRA and a Traditional IRA
Contributions to a Roth IRA are never deductible. Your contribution to a traditional IRA may be deductible if you qualify.
Contributions cannot be made to a traditional IRA for the year in which you reach age 70 ½ or for any later year, but there is no age limit for contributing to a Roth IRA.
No federal income tax is paid on qualified withdrawals of earnings from a Roth IRA. Federal income tax is always paid on withdrawals of earnings, as well as deductible contributions, from a traditional IRA.
With a Roth IRA, you have the flexibility to withdraw contributions at an earlier age than you do with a traditional IRA, but you are not obligated to make withdrawals at any age.