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When you convert after-tax money from a Traditional IRA to a Roth IRA, the amount is tax-free because you have already paid taxes on those funds. The earnings, however, must be treated as ordinary taxable income. Now you want to convert the balance to a Roth IRA.

Unlike traditional IRA, Roth IRA annual contributions ($5,500 or $6,500) are taxed which is a much better deal in the long run than having your accumulated money being taxed during withdrawal.

Traditional IRA helps investors save more tax because the tax brackets are much lower for retired individuals as compared to individuals making Roth IRA contributions.

If you aren't well-accustomed with the rules of IRA but want to make an investment, then it would be better to hire a financial advisor to ensure that your account is set up properly.

Contributing to a traditional IRA can help investors evade high tax brackets and allow their wealth to grow tax-free until it is withdrawn during the retirement years.

Betterment, E*Trade, Wealthfront, SoFi, Charles Schwab, Vanguard, Wealthsimple, Ameritrade, Motif, and Ally Invest are some of the most popular robo advisors for IRA.