There are advantages and disadvantages to all the types of retirements accounts that you can use to grow your investment wealth. Factor into the equation whether or not you own a business, your income limits, and the tax breaks you’ll want to take advantage of most.
If you want help with choosing the right account for you, you may want to speak to a financial advisor before making a decision. If you don’t already have a financial professional that you’re working with, you can search for credentialed advisors near you using directories like Paladin Registry, XY Planning Network, or the NAPFA.