Not all retirement plans are created equal, and your specific circumstances may make you eligible for only certain plans. Furthermore, there are many choices.
Almost all types of retirement plans will enable you to invest in various assets without incurring any capital gains taxes for many years while you save for retirement.
One account style lets you take an immediate tax deduction on your contribution. The second option allows you to defer all future taxes. The two different styles of retirement accounts are known as Traditional plans and Roth plans.