An individual retirement account (IRA) is a type of tax-advantaged retirement account that offers a wide range of investment options.

There are two types of IRAs: traditional IRAs and Roth IRAs.

Generally, a Roth IRA is a stronger choice if you expect your tax rate to be the same or higher in retirement, because withdrawals in retirement are not taxed.

A traditional IRA makes more sense if you expect your tax rate to be lower in retirement, because contributions made now are deductible.

We’ve reviewed some of the Best IRA Accounts and Best Roth IRA Accounts, and have evaluated them on a few different categories:

• Best providers overall
• Best providers with no account minimum
• Best providers for hands-off investors (if you don’t want to manage the account yourself)
• Best providers for active traders
• Best providers for especially low costs

These other NerdWallet resources can also help you design the retirement savings plan that’s right for you:

• Best Retirement Plans: Choose the Right Plan for You
• Simple Portfolios to Get You to Your Retirement Goals
• Retirement Calculator
• IRA Contribution Limits
• 6 Myths About IRAs You Can’t Afford to Believe