Eligible taxpayers can contribute to a variety of retirement funds. In addition to a 401K at work, an individual retirement account (IRA) can be used to save for retirement years. There are two different IRAs that can be usedtraditional IRA and Roth IRA. Think about the retirement funds that you have heard about. Describe a 401K. Describe an IRA. What are the primary tax differences between a traditional IRA and a Roth IRA? What are your thoughts regarding having just 1 type of retirement account compared to diversifying by having several types of retirement accounts?