Planning for your golden years is a crucial step in securing your financial future. Retirement planning involves various investment strategies that can help you build a comfortable nest egg. In this article, we'll jump into effective retirement investment strategies that can pave the way for a worry-free retirement.

A Traditional IRA lets you deduct contributions today but taxes withdrawals in retirement, with required distributions after age 70½. A Roth IRA flips this: you contribute after-tax dollars, but all qualified withdrawals—including growth—are tax-free, with no required distributions. The right choice depends on whether you prefer tax savings now or tax-free income later.