60-Second Guides

Opening an IRA

60-Second Guides
Related Links

Want a cozier retirement and a bunch of tax savings, too? Then open an Individual Retirement Account (IRA). It's a snap.

0:58: Roth or regular IRA... what's your pleasure?

Your first step is to decide which type is best for you -- a Roth or traditional IRA. Do you want to save on taxes today (with a deductible traditional IRA) or in retirement (with a tax-free Roth IRA)? We help simplify this situation with our handy Roth vs. Traditional calculators, which tell you which will give you more income in retirement and how tax rate changes may affect your decision.

You can also find out whether you're eligible for both (shilly-shally!) or neither (drat!), as well as how much money you can contribute.

0:44: Find a place to invest your cash

A discount brokerage account is a logical place to house your long-term retirement savings. Below is the shor