Roth Individual Retirement Account (IRA)
Roth IRAs are increasingly becoming the more attractive IRA option. Why? Because Roth IRAs offer tax-free growth and more flexible withdrawal rules.
Assuming you meet the Modified Adjusted Gross Income (MAGI) limits, and, as long as you're still working and have earned income, you can make contributions to a Roth IRA, even after turning age 70½. And Roth IRAs don't require you to take minimum distributions when you turn age 70½. In addition, your participation in an employer-sponsored retirement plan does not affect your Roth IRA eligibility.