Both Roth and Traditional IRAs have their benefits, and especially for a young saver it is important to diversify funds to maximize benefits in the long run. There are a number of things to consider when looking at IRAs, but as a "young saver" your main concern will likely be regarding tax benefits and when/how you can access your funds. A Roth IRA provides the benefits of paying the taxes on the funds upfront so that your money can grow tax-free and have tax-free withdrawals once you reach retirement age. A Traditional IRA allows you to make contributions to the account and deduct the amount on your taxes, which means that you will pay the taxes upon withdrawal. Having a mix of both will provide you with a good start, but please do your research. The important thing is that you are starting young! Good for you, LinderU! The more you start to save now, the more successful you will be in the future! Speak with your personal banker and see if they can recommend a financial advisor who can look at your personal financial situation--financial advice should never come in a one-size-fits-all answer. Your situation is unique and should be treated as such. Best of luck to you.