No, because the taxation on disbursement will be different.
IRA is Roth
Fortunately, you can easily convert your traditional IRA to a Roth IRA during a given tax year. You can contact the company that operates your IRA and have them rollover the traditional IRA to the new Roth IRA.
Is your question can you have both a ROTH and Traditional IRA? If so, yes you can.
Not directly but you can roll it over to a Traditional IRA first then convert that IRA to a Roth.
People have many questions regarding Roth IRA's. Some typical frequently asked questions about Roth IRA's are "Are there any penalties for cashing out my IRA early?" and "can i convert my traditional IRA into a Roth IRA?"
Roth IRA Conversion Taxes. When you convert from a Traditional IRA to a Roth IRA you pay income tax on the contributions. The taxable amount that is converted is added to your income taxes and your regular income rate is applied to your total income.
A Roth IRA calculator will allow you to compare a Roth IRA and a traditional IRA to help you best determine which option you need to be doing to meet your retirement needs.
The main advantage of a Roth IRA over a traditional IRA is that you're not socked with withdrawal penalties under most circumstances. You can also transfer the earnings to a beneficiary if the account holder dies. One thing to note is that you DO pay tax on contributions to a Roth IRA, unlike a traditional IRA.
ROTH IRA and Traditional IRA may differ in many ways. Few examples of their differences are: Roth IRA has no tax break for contributions; tax free earnings and withdrawal in retirement. While the Traditional IRA has tax deduction during contribution year; an ordinary income tax owned on withdrawals.
I have no idea how to rollover a traditional IRA to a Roth IRA. Your best is to talk to a financial adviser and see that they have to say. They should be able to help you.
The Roth IRA is not necessarily better per se than a traditional IRA. Whether one or the other is a better choice for you depends on current and expected marginal income.
A Roth IRA is funded with after-tax money and you do not pay taxes when you withdraw the money. A Traditional IRA is funded with pre-tax money and you pay taxes when you withdraw the money.