It is never too early (or late) to start saving. The more you invest and the earlier you start, the greater the potential your account has to grow.
A Traditional IRA allows individuals to direct pretax income, up to specific annual limits, toward investments that can grow tax-deferred (no capital gains or dividend income is taxed). Individual taxpayers are allowed to contribute 100% of compensation (up to a specified maximum dollar amount) to their Traditional IRA. Contributions to the Traditional IRA may be tax-deductible depending on the taxpayer's income, tax-filing status and other factors. Traditional IRAs are a great investment to roll over an old 401k.
Traditional IRAs offer many benefits with some of the most notable being: