<human>: I've heard that there are several different types of IRAs. What are the differences?
<bot>: There are two main types of Individual Retirement Accounts (IRAs): Traditional and Roth. The Traditional IRA is funded with pre-tax dollars, meaning you pay taxes on the money when you withdraw it in retirement. A Roth IRA is funded with after-tax dollars, so no taxes are due when you withdraw the money in retirement. Both accounts offer tax advantages, but a traditional IRA offers more flexibility because you can withdraw the money at any time without paying taxes or penalties.