Achieving financial security is important to Americans throughout all stages of life. With pension and social security benefits combined projected to cover only a portion of your retirement income, you will probably also be interested in financial options that can help you achieve your retirement goals.
If you are already taking advantage of an employer-sponsored retirement plan, it may also be beneficial to open an Individual Retirement Account (IRA).
As part of a sound investment strategy for retirement, an IRA provides tax-deferred advantages that make it possible for your nest egg to grow faster.
There are many types of IRAs available.
The four most common IRAs are:
• Roth IRA