Read details explanation of Roth IRA and Traditional IRA before referring to this table of comparison.
| Roth IRA | Traditional IRA | |
| Contributions grow tax-deferred | ✓ | ✓ |
| Contributions give up-front tax deduction (up to income limit for certain individuals) | ✓ | |
| Funded with already taxed Dollars (”after-tax”) | ✓ | |
| Age Restrictions on contributions? | ||
| Income Phase Outs? | ✓ | |
| Forced distributions starting at age 72 | ✓ | |
| Earnings available penalty-free after age 59.5 & >5 year vintage rule | ✓ | |
| Contributions & Earnings Penalty-free after age 59.5 | ✓ | |
| $6,500 Max Contribution before age 50 | ✓ | ✓ |
| $1,000 Catch-Up Contribution 50+ | ✓ | ✓ |
| Distributions are considered earned income? | ||
| Can convert to “Roth dollars” | ✓ |