Specific Types of Retirement Accounts
There are several specific types of retirement accounts that can help you save for your future. Some common types of retirement accounts include:. Continue Reading Below
Encyclopedia Articles
Discover the definition of financial terms related to specific types of retirement accounts.
Understanding IRA Transfers: Types, Examples, and Rules
Alessandra Nicole
Life Expectancy Method: Definition, Types, and Real-life Scenarios
SuperMoney Team
IRA Withdrawals: Rules, Examples, and Strategies
SuperMoney Team
Inherited IRAs: Rules, Options, and Tax Implications for Beneficiaries
Alessandra Nicole
Form 1099-R: What It's Used For, and Who Should File It
Silas Bamigbola
Roth Conversion: Strategy, Tax Impact & Backdoor Roth Guide
Andrew Latham
457 Plan: Tax-Advantaged Retirement Savings for Government & Nonprofit Workers
Andrew Latham
Catch-Up Contributions: Rules, Limits & Tax Benefits for Age 50+
Andrew Latham
IRS Publication 560: Retirement Plans for Small Business - What It Is, How to Navigate, and Pros & Cons
Abi Bus
Salary Reduction Simplified Employee Pension Plan (SARSEP): Origins, Impact, and Success Stories
SuperMoney Team
Learn About Specific Types of Retirement Accounts
How Much Should I Have in My 401(k)? Targets at 30, 40 and 50
SuperMoney Team
Average 401(k) Balance by Age: Why the Median Is the Number That Matters
SuperMoney Team
The Roth conversion trap: why "tax-free" is the most expensive word in retirement planning
SuperMoney Team
$2.1 Trillion Is Sitting in Forgotten 401(k)s. Some of It Could Be Yours.
SuperMoney Team
Roth IRA vs. Index Fund: 7 Key Differences Every Investor Should Know
Benjamin Locke
Retired but Not on RMDs Yet? A $128,000 Roth Conversion Could Cost You Just 9% in Tax This Year
SuperMoney Team
The 2027 401(k) Limit Is Likely Rising to $25,500. Here’s What It Means for Your Paycheck
SuperMoney Team
You're Getting the 401(k) Match. Here's Where the Next Dollar Should Go
SuperMoney Team
Using 401k To Pay Off Credit Card Debt Cares Act
Benjamin Locke
Gen X's $1.24 Million Retirement Gap: The Numbers, and How to Close It
SuperMoney Team
Trump’s New 401(k) Order: Will Crypto and Private Equity Change Retirement Forever?
SuperMoney Team
Free Financial Calculators: Mortgage, Retirement & Home Equity
Andrew Latham
Behind on Retirement Savings? How to Reboot Your Retirement Plan
Jessica Walrack
Defined Benefit Vs Defined Contribution Plans
Camilla Smoot
Secret of Retirement Savings: Making Up For Lost Time?
Jessica Walrack
Ultimate Retirement Guide
Andrew Latham
About Specific Types of Retirement Accounts
- 401(k) plans: These are employer-sponsored retirement plans that allow you to save a portion of your income on a tax-deferred basis. Your employer may match a portion of your contributions, which can help you save even more for retirement.
- Traditional IRAs: These are individual retirement accounts that allow you to save for retirement on a tax-deferred basis. Contributions to a Traditional IRA may be tax-deductible, depending on your income and whether you have a retirement plan through your employer.
- Roth IRAs: These are individual retirement accounts that allow you to save for retirement on a tax-free basis. Contributions to a Roth IRA are made with after-tax dollars, and you can withdraw the money you've saved in the account tax-free after age 59 1/2 as long as you've had the account for at least five years.
- Self-Directed IRAs: These are retirement accounts that give you more control over the investments in your account. With a Self-Directed IRA, you can invest in a wider range of assets, including real estate, precious metals, and private businesses.
- Gold IRAs: These are retirement accounts that allow you to invest in physical gold, silver, platinum, or palladium. With a Gold IRA, you can hold these precious metals in a tax-deferred or tax-free account, depending on whether it is a Traditional IRA or a Roth IRA.