Retired couple on road trip.

Retirement & IRA Accounts

IRAs can provide a tax-advantaged way to save for retirement.

Looking to better understand the basics of IRAs?

Learn the benefits of investing in IRAs for retirement, compare IRA types side by side, try a calculator or find out how to open an account.

What Is an IRA?

An IRA is a type of account that provides investors a tax-advantaged way to invest for retirement (subject to eligibility). The IRA itself is not an investment, but it holds the investments you choose to save toward your retirement goal. IRAs can hold mutual funds or other securities.

The most common types of IRAs are accounts that you open on your own, as opposed to a workplace retirement plan where your employer opens the account for you. When changing jobs or retiring, you may also be able to roll over a retirement account from a previous employer's plan into a Rollover IRA.

What happens if you spend your IRA money now versus saving it for retirement? Find out with our IRA Spend It or Save It calculator.

IRAs With American Century Investments

Get Tax Benefits

Save on your taxes now with a deduction, or save later with a tax-free withdrawal.

Investment Opportunities

Build a diversified portfolio that aligns with your risk tolerance, time horizon and investment goals.

Make an Impact

When you invest with us, you can also invest in the future of others. Together we can become a powerful force for good.

Which IRA Is Right for Me?

IRAs can help you save even if you already have a 401(k) or other workplace retirement account. Each type of IRA offers advantages before and after you retire. These benefits are the same if you choose a brokerage IRA. Get more details when you compare IRA account types.

Traditional IRA

· Pay taxes later.

· Contributions are tax deductible.

Roth IRA

• Pay taxes now.

• No minimum distributions are required.

Rollover IRA

• Consolidate an old 401(k) or other qualified retirement plan.

• Preserve the tax-deferred status of your retirement account.

Ready to Invest?

Start your account application now and choose your investments.

IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.

This information is for educational purposes only and is not intended as a personalized recommendation or fiduciary advice. There are different options available for your retirement plan investments. You should consider all options before making a decision. Our representatives can help you evaluate all of your distribution options.