One of the best investment moves you can make is to open a Roth IRA account when you are planning your retirement. It is a legal tax shelter and you will contribute money that has already been taxed. Hence, you will not be taxed again when you withdraw the amount. The interest earned on it is tax-free as well. You only need to keep the money in the account for a certain period of time and upon your retirement, you can withdraw the money, which goes straight to your pocket without any deductions.

Top Roth IRA funds for 2018
It is easy to open an account and invest in the IRA fund. Choosing the fund can be a little difficult. However, there are a number of options that will help you maximize your wealth.

• Vanguard High Dividend Yield
  This fund generates high income and keeps an eye on the index of stocks that have an above-average dividend yield. It is top heavy, which means the biggest stocks make up a significant percentage of its assets and its top holdings including large stock companies. It is a high dividend yield fund, which means before you retire, the dividends will assist your investment compound quickly and you will be able to take complete advantage of the tax benefit of the IRA. It may offer a reliable stream of income after you have retired. This retirement planning fund has a low expense ratio, which means you get to keep most of your gains.
• Vanguard Dividend Appreciation
  This is one of the top Roth IRA funds for generating income in the long term. If you are planning for your retirement dividend stocks are considered to be an ideal long-term performer in the market. They have an appeal for the investors who want their combination of income and growth to increase in the long term. This fund has high liquidity and a low expense ratio. It looks for stocks that have a strong track record of growing their dividend payouts over time. This strategy leads to significant dividend growth and above-average yield. It is for those investors who do not need maximum income right now but want to increase their chances of bigger payouts in the future and plan for their retirement.
• iShares Core S&P Mid Cap ETF
  The fund invests in smaller companies that have produced marginally higher returns than large caps. With this fund, most of the return is generated from capital appreciation rather than the yield. The fund has more than 400 companies and is downright cheap with a low expense ratio.

Investors need to have knowledge about the retirement annuity rates when making an investment decision during retirement planning. In order to generate higher wealth in the long run, it is important to start saving and investing at an early stage.