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Robo-advisors are going beyond the typical welcome bonus for new account holders — you can now earn a match on your IRA contributions up to 3%. On a one-time contribution of $5,000, for example, a 3% match would mean an extra $150 into your account.

If you are all in on Roths, it might be a little vexing to you that your employer is not.

Retirement accounts such as Roth and traditional IRAs and 401(k)s are a great way to save, but mind the tax rules on withdrawals.

In the U.S., millions of workers — especially those employed by small businesses, nonprofits and gig platforms — lack access to a retirement plan through their jobs. In fact, 25 percent of all workers had no access to either a 401 (k) or pension at work in March 2024, according to the Bureau of Labor Statistics.

The two primary types of retirement accounts you may encounter are 401 (k) plans and individual retirement accounts (IRAs). "The main difference between 401 (k)s and IRAs is that 401 (k) plans are offered through an employer and have larger contribution limits," and a 401 (k) plan may also include an employer match, said Investopedia.

Plan sponsors can help employees take advantage of one of the most powerful retirement planning tools available today.

There are limits as to how much you can contribute and for income thresholds for individual retirement accounts. For 2024 and 2025, you can contribute $7,000.