Retirement Goal

An individual retirement account (IRA) is a savings account that offers tax benefits for individuals who want to save money for their future.

At Qapital, we provide two types of IRAs - Traditional and Roth. The key difference between the two is when you get taxed. With a Traditional IRA, you can save money on taxes now by deferring income tax payments until you withdraw the funds in retirement. With a Roth IRA, you pay income tax on your contributions now, but you (generally) won’t have to pay taxes on your earnings or withdrawals in retirement.

To help our users determine the amount of money they should save for a comfortable retirement, we provide a retirement savings calculator as well as other tools to help pick your account type and stay within contribution limits. This article and tools like our calculator are educational in nature only and are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of your financial situation and do not incorporate specific investments that you may hold elsewhere. See your tax advisor for guidance about your specific tax situation.

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