[header] How to open up an ira cd [title] Decide what type of ira you want to open. [step] There are important differences between traditional iras and roth iras. Depending on your age, income, and projected tax bracket, there are advantages and disadvantages of each. 
[substeps] Roth iras do not have an age limit on contributions. With roth iras, you pay the tax now and then receive tax free withdrawals later.