An Individual Retirement Account (IRA) provides a tax-advantaged way of saving for retirement. Traditional and Roth IRAs allow you to contribute up to $5,000 a year for retirement in 2008 ($6,000 a year if you're age 50 or older).
See how an IRA can help you save for retirement.
Who can contribute to an IRA?
No matter how much money you make or what kind of pension plan you have at work, you can contribute to an IRA. There are several different types of IRAs, though Traditional IRAs and Roth IRAs are the most common choices. Learn more about IRA eligibility.
Which IRA is right for you?
Roth IRAs and Traditional IRAs are two of the most popular ways to save for retirement. These two IRAs are quite different from one another. Which one is right for you will depend on your particular income and tax situation.
Selecting the right IRA: Roth or Traditional?
© 2008 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017
