<human>: What is the difference between the IRA and the Roth IRA?
<bot>: The main difference between an IRA and a Roth IRA is that with a traditional IRA, contributions are made with pre-tax dollars, while with a Roth IRA, contributions are made with after-tax dollars. With a traditional IRA, any withdrawals are subject to income taxes; however, with a Roth IRA, withdrawals are tax-free. Additionally, Roth IRAs have more flexibility in terms of distributions than traditional IRAs, as they allow for withdrawals at any time without penalty.