An IRA can offer a great way to help build additional savings for retirement.

Boost your retirement savings

Even if you already contribute to an employer-sponsored retirement plan, you may be able to contribute to an IRA. If you can, it’s best to consider investing the maximum amount to both your employer-sponsored retirement plan and your IRA every year.

With the additional savings and careful investment strategies, you can potentially be better positioned to live comfortably in retirement.

Help your money accumulate faster

When you invest in an IRA, your contributions and earnings have the opportunity to compound over time while potentially growing tax deferred (in the case of a Roth IRA, your withdrawals may be completely federal tax free, provided they meet certain criteria).

Since tax-deferred investments can help your money compound at an even faster rate than money in non-tax-advantaged investment vehicles, an IRA can potentially help you build additional funds for retirement.

Simplify your finances

If you have retirement assets in more than one IRA or employer plan — such as 403(b), 401(k) or 457(b) supplemental plans — you may want to consider consolidating this money by rolling it into a single IRA.1

Consolidating your savings with one provider can make it easier to manage your accounts and investment allocations, keep track of paperwork and potentially reduce the fees you pay.

Create flexibility in retirement

With an IRA, you have options for generating income in retirement. You can take cash withdrawals to pay for unexpected expenses, set up a regular withdrawal schedule to help cover monthly expenses or plan to take your required minimum distributions.2

A TIAA-CREF IRA also offers you the ability to create a steady stream of income for either a lifetime or a guaranteed period of time.3

Get started with a TIAA-CREF IRA 

Compare IRAs
Evaluate IRA options at a glance, comparing the eligibility requirements, features and benefits of each.
Compare Now 

Need Help?

Talk to an IRA specialist
Monday – Friday 8 AM – 7 PM (ET)
Schedule a callback

Roth or Traditional?

Get help deciding. Try our IRA Finder tool.

Start Now

The Power of Compounded Savings

See how 3 people’s retirement contributions may grow over 30 years.

A Hypothetical Illustration*