Tax-advantaged savings accounts like traditional or Roth IRA and 401(k)s are among the best retirement plans to build your nest egg. There are many types of retirement plans.Here's how to compare 401(k)s, different IRAs, and retirement plans for self-employed people and business owners. The best retirement plan for high earners is often a traditional or Roth 401(k). A 401(k) plan allows employees to contribute a portion of their wages toward retirement savings through payroll deductions. Here are 20 common questions most people will face in retirement – and what you might learn from my experience. Unlike pension plans, 401(k)s can allow for hardship withdrawals or loans. In the unlikely event that a pension plan is terminated because it doesn't have enough money to pay promised benefits, the federal Pension Benefit. Saving for retirement is arguably the single most important financial endeavor most of us undertake. There is no single best retirement plan, but there is likely a best retirement plan or combination of retirement accounts for you.