If I already have a retirement account, do I need MarylandSaves?

That depends. Many people have retirement savings accounts, but many who do still think they haven’t saved enough for a secure retirement. MarylandSaves offers the benefits of having a Roth IRA and also gives you an emergency savings feature, which most other retirement plans do not. Before deciding that you don’t need MarylandSaves, you might use the retirement calculator to estimate what your existing plan might pay when you’re no longer working.