A traditional IRA allows you to save for retirement with tax-deductible contributions, if you qualify, depending on your income
A Roth IRA, if you qualify, allows you to save for retirement with after-tax contributions with tax-deferred growth and tax-free withdrawal
A Simplified Employee Pension (SEP) IRA is a written agreement where employers make contributions to traditional IRAs set up for employees. This account is subject to certain percentage-of-pay and dollar limits.
A SIMPLE (Savings Incentive Match Plan for Employees) IRA is a retirement plan that is established by employers, including self-employed individuals and small businesses. The employer may make either matching or non-elective contributions to each eligible employee’s Simple IRA.