Traditional IRA is primarily an individual savings plan. Contributions are made up to a specified limit with the contribution tax deductible

A Roth IRA is also primarily an individual savings plan. Contributions can be made up to a specified limit on a non-deductible basis

This means, you can make a contribution to your Roth IRA but not take a deduction on you income tax for the contribution like you can with a traditional IRA

Withdrawals are tax free within certain limitations. Withdrawals can be made without penalty once your reach the age of 59 1/2 provided the funds have been in the account for 5 years

Unlike a traditional IRA, you can continue contributing to a Roth IRA even if you have reached the age of 70 1/2

yes, and he even won it with the movie Babel

Yes for Babel

he was also nominated for best supporting actor in twelve monkeys (1995)