Types of retirement plans

Determine which plan is right for you

An older woman playing with her infant granddaughter.A retirement plan is a way to set aside money for the future and avoid spending it now. Contributing to a retirement plan can help you save more, save more often, and start saving now. That gives your money more time to grow. Remember: even small amounts of savings have the potential to grow over time.
There are various types of retirement plans for both individuals and employers. Some employers offer their employees a retirement plan which can make it simple for employees to save money for the future out of every paycheck they get.
If you’re a non-working spouse or have a business of your own, there are other types of plans you can use.

To learn more, consult with a retirement planning specialist.

Click the Next button to learn about Traditional and Roth IRAs.