Difference btween Roth IRA and Conventional IRA ?

the original IRA instituted probably 40 yrs ago is one in which you can contribute up to a specific amount based on your earnings which will reduce your gross income by that amount this will result in a reduction of your actual tax liability when you take distribution, assuming later in life you will pay tax on it at that time when this was originally introduced when one reached age 65 one could take an extra exemption which at the time meant that the IRA contribution was a major tax saver for the retirees a Roth is one which you can contribute a specific amount of dollars to a more or less savings plan, it is not one that reduces your gross or your tax liability and if you keep it more than 5 yrs, will not result in any tax on the earnings over the years you held it-a tax free savings account