Traditional IRAs – Contributions are made with pre-tax dollars, and earnings are
tax-deferred. This means that you don't owe taxes until the funds are
withdrawn, usually at retirement.
Roth IRAs – Contributions are made with after-tax dollars, so you don't pay taxes
on the money as it accumulates
Rollover IRAs – Are funded with money form your
employer-sponsored retirement plan. You
can rollover any amount you choose because annual IRA contributions limits do
not apply. Restrictions and limitations
may apply, dependent on the plan or IRA type.