There are two primary types of IRAs. Regular IRAs allow you to put in money and not pay tax on it upfront. Roth IRAs allow you to pay tax on the money upfront but not pay tax on any increase. Both strategies can be very useful in retirement planning.
Roth IRAs allow you to take advantage of the fact that taxes were much likely be higher in the future. Particularly for someone early in their career, their significant advantage in not having to pay taxes on any increase from the investment. The increase on your initial investment could be many times greater than the initial investment itself. A Roth IRA protects all the money you may earn in the future from taxes but requires that taxes be paid on the initial amount up front.
Traditional IRAs work in the opposite manner. When you put $1000 into a traditional IRA your salary for the year is reduced by $1000 for tax purposes. This saves you money on taxes today. However when you eventually take money out of the IRA you must pay taxes on the initial amount as well as any increase.
Traditional IRAs can be very useful for people who are at the peak of their earning potential and plan to make significantly less money during retirement. Since money put into a regular IRA will reduce taxable income. It can move money from a high tax rate to one that is significantly lower in the future.
Another advantage of a traditional IRA is that it saves tax money now. Roth IRAs rely on the government to keep its word regarding future taxation. All Roth IRAs will probably function as expected in the future, the government has changed his mind before so this does carry a certain amount of risk.
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