Confused on the difference between Roth and Traditional IRA's check out this slideshow.

1. Differences Between
Traditional and Roth IRA’s
Chris Novinger

2. Age and Income Limits
For Roth IRA’s you are only eligible if you make
less than $129,000 a year and file as a single
entity.
Married couples have a $191,000 income limit for
eligibility

3. Tax Benefits
Traditional IRA’s are taxable on the point of
withdrawal from the account.
Roth IRA’s are taxed at the point of contribution
and not on withdrawal

4. You are deciding whether or not the
economy will have a better tax rate now or
in the future

5. Traditional IRA
Contributions are taxable on the year of
contribution
Up to $10,000 can be withdrawn early without the
10% penalty for first time qualified homeowners.

6. Roth IRA
Contributions, not earnings can be withdrawn at
any time before the age of 59 without penalty.
For qualified first time homeowners, they can
withdraw up to $10,000 worth of earnings after 5
tax years.