Contribution limits for IRAs and ROTH IRAs will be $5500 next year! As long as you earn less than $112,000 (single & head of household) or $178,000 (couples) this is the new limit for the ROTH. My earned income is nowhere close to these lofty numbers meaning I easily qualify. Qualification criteria is slightly different for traditional IRAs.
I'm going with the ROTH option because capital gains & dividends compound tax free plus it's easier to access money before 59.5. You can withdraw contributions any time, penalty free, which will work out perfectly for my situation. In retirement I plan to only spend dividends and interest, while leaving principle intact.