Starting to Save
An early start helps get you on the right path
As you begin your journey to retirement, E*TRADE provides the resources you need to keep moving in the right direction.
Starting to save early is one of the best retirement planning moves you can make. Use time and the power of compounding to your advantage.2
Picture what a successful retirement looks like to you. Then, take careful inventory of your current savings, investments, and income. It’s important to determine where you currently stand in relation to your goals. Use our Retirement Planning Calculator tool7 to put a plan in place.
Don’t turn down free money. If you have a retirement plan at work, consider contributing at least enough to take full advantage of employer matching.
Take advantage of tax-deferred savings. Opening an IRA, in addition to your workplace retirement plan, can help grow your nest egg.
Pay yourself first. Avoid splurging on less important things by setting up recurring contributions to your IRA and workplace plan (login required).
Set it, but don’t forget it. Allocate your assets and review your strategy annually (or more frequently) as the markets or your goals change.
Everyone is different, and there’s not a best way to invest for retirement. You can choose investments yourself using E*TRADE’s investing tools and our exclusive All-Star Mutual Fund and All-Star ETF lists8. Or call us at 1-877-800-1208 and we’ll help you narrow down your choices.
|Roth IRA||Traditional IRA|
|Tax-free growth potential||Tax-deferred growth potential3|
|Contributions are not tax-deductible, but may be withdrawn at any time||Contributions may be tax-deductible|
|Qualified distributions are tax and penalty-free||All distributions are taxed as ordinary income|
|No mandatory distributions during the owner's lifetime, but are subject to Required Minimum Distributions after the death of the owner.||Distributions prior to age 59½ may incur an early withdrawal penalty, mandatory distributions starting at age 70½|