Plan Comparison

When you retire, you'll probably want to live at your current income level. You may even look forward to doing a little traveling or spending more time with family or grandkids. Depending on the amount of freedom you want during retirement, you may want to invest in more than just your 401(k) plan at work. One great way to help increase your retirement savings is to invest in an IRA. There are two types of IRAs available, either can be a big help as you work toward your retirement goal.

Roth IRA
The Roth IRA allows after-tax contributions with the potential for tax-free income in retirement.

Traditional IRA
A traditional IRA is a tax-deferred account designed specifically for retirement savings.

When considering whether to go with a Roth or traditional IRA, there are a few things to consider. Our individual retirement plan comparison chart will get you started, and if you still have questions regarding the best IRA for you, consult your financial advisor.

If you are not currently eligible for a Roth IRA or have an old Traditional IRA you may be eligible to convert your Traditional IRA to a Roth IRA and enjoy tax-free income in the future. Learn more about the IRA Conversion opportunity.