Take care of future you

Plan for the retirement of your dreams.

First, let's pick your money goal

Great! You want to plan for your retirement.

We get it—saving for the future can feel hard when you’re paying today’s expenses. The good news? Even the smallest steps you take now can make a big difference tomorrow—especially for women.

Women have unique considerations. Investing can help.

Longer life span

Women live about 6 years longer than men1 so money needs to last longer in retirement.

Higher health care costs

Women spend an average of $165K on health care in retirement versus $150K spent by men.2

Less retirement savings

Women often end up with 30% less retirement savings3 than men due to a range of factors including the pay gap.

Find the individual retirement account (IRA) that’s right for you

There's no cost or minimum to open your account.4 Remember, if you have a workplace retirement plan and your employer offers any sort of match, don’t miss out (it’s basically free money).

Roth IRA

Tax-free growth and withdrawals

With the potential for tax-free growth and tax-free withdrawals in retirement,5 a Roth IRA can help you keep more of what you earn.

Benefits of a Roth IRA:

Keep more of what you make: You pay taxes on the money you put in, but you don’t pay taxes on any growth or withdrawals in retirement.5

Flexible access to your money: Need money in a pinch? You can withdraw money you contributed tax- and penalty-free, anytime for any reason.5 

Easy to qualify: As long as you or your spouse earn income within IRS limits, you can contribute to a Roth IRA.

Answer 4 quick questions to see if you're eligible—and how much you can contribute.

Traditional IRA

Tax-deferred growth

Reduce your taxable income by deducting your contributions, if eligible, and your potential earnings grow tax-deferred.6 

Reasons to choose a traditional IRA:

Tax savings: You could save on taxes now by deducting some or all of your contributions,7 if you're within IRS income limits. You’ll pay taxes in retirement when you make withdrawals.

Easy to qualify: As long as you or your spouse earn income, you can contribute to a traditional IRA.7

Access to your money: Withdrawals before age 59½ are subject to income tax and a 10% penalty. Though, you can make penalty-free withdrawals for certain expenses.8

Rollover IRA

Consolidate your retirement savings

After a job change, consolidate your former 401(k) and workplace accounts into a single account without taxes or penalties. 

Benefits of a rollover IRA:

Stay organized and potentially save on fees: Moving your old retirement accounts into a Fidelity rollover IRA may help keep you from losing track of them, and you could save money on administrative fees.

Flexibility and choice: You can move your money tax- and penalty-free.9 And, with a rollover IRA, you can generally choose from a wider range of investments than you can in an employer's plan.

Access to your money: Like with a traditional IRA, withdrawals before age 59 ½ are subject to income tax and a 10% penalty. However, you can make penalty-free withdrawals for certain expenses.8

In addition to rolling over to an IRA, you’ve got some other options for what to do with your old 401(k)

Still not sure?

Join Women Talk Money

A community for women, by women, where you’ll find candid conversations about money, investing, and careers.

Get your retirement score

See where you stand in just 60 seconds and learn what to consider as you save for the future. 

Learn how much to save

Curious what that magic number is? We did extensive analysis to come up with the number you should aim for.


We love your questions

Sometimes a conversation is what you need to get started (or keep going). Talk to a financial professional (for free) to help you plan for the things that can affect women's finances—from living longer to higher health care costs. We got you.

Call us anytime at 1-800-FIDELITY (800-343-3548)

Not sure what to ask? Check out these conversation starters.