Retirement Planning
Plan your financial future with our interactive retirement calculator and resources.
Retirement Calculator
Estimate your retirement savings based on your current financial situation.
Retirement Strategies
Start Early
The power of compound interest works best over time.
Maximize Contributions
Take full advantage of employer matching in retirement accounts.
Diversify Investments
Spread risk across different asset classes and markets.
Common Mistakes
- Waiting too long to start saving
- Underestimating healthcare costs
- Taking on too much risk near retirement
- Withdrawing too much too quickly
Retirement Plan Comparison
| Plan Type | Tax Benefits | Contribution Limits (2025) | Withdrawal Rules | Best For |
|---|---|---|---|---|
| Traditional 401(k) | Tax-deferred growth | $23,000 ($30,500 if over 50) | Required minimum distributions at age 73; taxed as ordinary income | Employees expecting lower tax bracket in retirement |
| Roth 401(k) | Tax-free withdrawals | $23,000 ($30,500 if over 50) | Tax-free qualified withdrawals after age 59½ with 5-year holding period | Employees expecting higher tax bracket in retirement |
| Traditional IRA | Tax-deductible contributions | $7,000 ($8,000 if over 50) | Required minimum distributions at age 73; early withdrawals may incur penalties | Self-employed or supplemental retirement savings |
| Roth IRA | Tax-free growth and withdrawals | $7,000 ($8,000 if over 50) | No required minimum distributions; contributions can be withdrawn anytime | Young professionals with income growth potential |