Figure out what will work the best for you.
Where will your retirement income come from? Some from Social Security, probably. And some from a 401(k) or other type of employer-sponsored plan. But many Americans also have Individual Retirement Accounts. There are two major types: a Traditional IRA and a Roth IRA. Steady contributions to either type can help you build a sizable portfolio. But the accounts have their own unique tax advantages. This calculator might help you figure out whether a Roth or a Traditional IRA might best suit you.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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