Secure investment that is FDIC-insured (up to $250,000). Traditional IRA contributions may be tax-deductible on your tax return and earnings are not taxed until you withdraw the money out. Good option for those looking to reduce their taxes now. (Consult your tax advisor to find out if you qualify for the deductions.)
Roth IRAs allow for earnings to be distributed after age 59½, potentially tax-free. This a good option for those in their 20s and 30s looking to start saving for retirement early, or anyone looking for flexibility in their distributions.
Capitol Federal offers competitive rates on a variety of CD terms. These are FDIC-insured products with guaranteed rates.