Choose the Roth IRA if you don’t need a tax break right now.  Eligible contributions to the Roth IRA may be non-deductible, but qualified distributions may be generally considered tax-free. There may not be any mandatory distributions at age 70½ and qualified distributions may not be subject to a federal tax penalty.

Roth IRAs are similar to Traditional IRAs, with the biggest difference between the two is how they’re taxed. Roth IRAs are funded with after-tax dollars; the contributions are not tax-deductible. But when you begin withdrawing funds from the account, the money is tax-free. As opposed to Traditional IRA deposits which are usually made with pretax dollars; you generally get a tax deduction on your contribution and pay income tax when you withdraw the money from the account during retirement.

The above statements are not intended as tax advice. Please consult a tax professional for further details.