Student with 35k income, which IRA to fund?

I am a 22-year-old full-time grad student (filing as a dependent of my parents) and had about 35k income last year. Upon graduation, my salary will be in the 70-80k range.

I'd like to go ahead and start funding an IRA -- which would be better for me to do now, Traditional or Roth? Would that advice change once I've graduated and am working full time?

Thanks!

roth now and when you start full time do both!!!!

Ask Dave Ramsey. He knows all about planning retirement and is even on the radio to take questions! daveramsey.com is the website...good luck and have a strong financial future!

Start a Roth now and fund it to the maximum allowed. Since your income is not very high, at present, you really don't need (don't get the benefit of) the deduction for the traditional IRA. The Roth, while not tax-deductible now, will be tax free when you retire (for both your contributions as well as the compounded growth).When you start working, join your company's 401(k) or 403(b) plan as soon as possible.
Whether you should go with a traditional or a Roth IRA after you start working full time depends on your individual tax situation. It may cost you a few hundred dollars a year more to fund the Roth then because of your increased income, the tax free nature of the withdrawls at retirement may more than make up for it later.

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