Phil Cannella is a major proponent of Roth IRAs and for good reason. In a traditional IRA you have a partner, (whether you realize it or not) and that partner is the Internal Revenue Service. The IRS owns a share of your IRA retirement account and although currently the IRS may only own the rights to a small portion of your IRA, if and when taxes go up the IRS will get to keep a larger portion or your IRA savings.