Determining what type of IRA to open is one of the most common questions among people who are getting ready to start saving for retirement. Both the Roth and Traditional IRAs offer attractive tax incentives, but they are completely different. For some, the ability to deduct contributions is an effective way to help reduce how much income tax you pay currently. For others, the idea of being able to let your money accumulate for decades and then take money out tax free is the way to go.

Unfortunately, there are income limits and eligibility concerns that can dictate what type of IRA you can contribute to. There’s no easy answer because so much is unknown about the future. But here are some resources that can help you determine which IRA is right for you.