An individual retirement account lets you save outside an employer plan, and the main decision is whether a Roth or traditional account suits your tax situation. This category is small for now, with two guides, and it focuses on that choice and on how expected income growth changes it. It is written for savers deciding where extra retirement dollars should go.
Where to start
- Roth IRA vs traditional IRA for retirement planning Compares the two on tax timing and flexibility.
- Should you use a Roth IRA if you expect your income to rise? Useful if your pay is likely to change.
If you also have a workplace plan, the 401(k) guides explain how the two fit together.