When planning your retirement, you ought to consider planning your taxes as well. An employment retirement program uses pre-tax dollars, which means that you will pay taxes on distributions when you reach the appropriate age. You could also pay a hefty tax penalty if you remove funds from the account before that age.
Employment retirement plans are a good way to plan for retirement, but they may not provide you with the most bang for your buck. If you want to keep more of your money in your golden years, you may want to consider a Roth IRA. It may provide you with better tax planning. Only after you have the appropriate information can you make an informed decision.