Retirement Plans Explained: 401(k), Roth IRA, and More.

Saving for retirement is great, and there are many types of retirement accounts that can help you get there. This is a high-level guide to some of the most common retirement plans out there, including an employer-sponsored (401)K, IRA and more.

NerdWallet editor Arielle O'Shea shares the basics of each type of retirement account so that you can make an informed decision about how (and where) you want to save for retirement.

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Disclaimer: This video provides information and education for investors. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities.

[LiamOlivia-]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for....

[scottarmstrong]

Becoming a millionaire through a Roth IRA or a 401(k) involves different strategies for maximizing profits. A Roth IRA offers tax-free withdrawals in retirement, which can be advantageous if you expect to be in a higher tax bracket later in life. On the other hand, a 401(k) provides tax-deferred growth and potential employer contributions, boosting your savings. The optimal choice depends on factors like your current and future tax situation, employer match, and investment options. Consulting a financial advisor can help tailor a strategy that aligns with your financial goals and circumstances.

[jlee-dwzu]

I just retired, but I am uncertain that my 401k and IRA will ensure a stable future. I have $900k set aside, I am seeking an approach that matches my risk tolerance and financial objectives. Please I need advice, should I invest in stocks or real estate ?

[MrMemetic]

Robbing a bank is a good way to add to your retirement fund, make sure you plan it out though!

[o_domino]

You didn’t purposely watch this video. We all accidentally clicked on it.

[wrythe]

You should explain more what the investment companies and employer are doing with your money while you wait through the years to collect it.

[bigdiesel]

Burning your house for insurance money is a good way to add to your retirement fund

[kasecoleman]

I retired at 48 due to my broker, Lisa Jill Grenell's success with my investments and on my way to FINANCIAL FREEDOM. now I'm ready to venture into the stock market in 2020.

[lllewis]

I gave you my non-existent luck and you finally caught it lol

[sumarniwignyosumarto]

me yebalkan Elsa suka hidup dipenjara, kalau tak mau di pen tentunya berobah sikap dong