What are the negatives of an ira?

Disadvantages of IRAs One drawback of using IRAs to save for retirement is that the annual contribution limits are relatively low. Roth IRAs offer tax-free withdrawals for Future You, and if you're looking to maximize your retirement savings, you may want to consider opening a Gold IRA. There are a few things to know, mainly the positive and negative tax implications if you're considering a Roth IRA or Open a Gold IRA.