We all know we need to save for retirement, no matter how many years away from retirement we are. But understanding the choices and choosing the right account can seem daunting.

What is available and what is best for you?

Matching received contributions from your employer, increasing your retirement savings, there are several ways to categorize the universe of retirement account options.

Contributions may be deductible when you fund the account or distributions may be tax-free in retirement. Your account can be characterized by defined contribution or defined benefit.

• taking advantage of the right tax breaks, use the right accounts and other tricks
• order of operations you can follow as you make this decision for yourself
• step-by-step guide you can use to choose the right retirement account for your specific situation

“You want your retirement savings working as hard for you as possible. The harder your money works, the quicker you’ll get to retirement, and the less you’ll actually have to save to get there.”