A lot of people think of retirement as an endless process of saving and investing, but in reality, there are so many options out there.

You can use a 401(k), an IRA, a traditional IRA, or a Roth IRA, all with different requirements and risk-adjusted yields.

Some of them are less than ideal and may be unsuitable for people who don’t like to work long hours or are not experienced with managing money.

Here’s what you need to know about the new breed of retirement funds.