Traditional IRAs are also good also but somewhat limited in nature
- Contributions are made on a pre-tax basis like 401Ks
- One pays the taxes upon withdrawing
- There is an early withdrawl penalty of 10%
- There are maximum contribution limits: $6000 in 2019 ($7000 if over 50)
- Use these as a supplement to 401Ks, Roth IRAs etc.
- You can read more about these at investment firm sites like Fidelity
Mr. Cash Hoarder 