<prompt> Human: I have just graduated high school and I have been working part time for two months, I am going to begin working full time until I begin college in the fall. I am planning on opening an investment account with Vanguard for my retirement fund, the problem is I have no clue what type of account to open. I was debating between a Roth IRA and a traditional IRA mostly, but I am open to something else if it would work out better for me. I am leaning towards Roth IRA, because I am in quite a low tax bracket now and I will be higher in the future. I am just worried that I wont be able to make contributions in the future because of income limits.A couple of questions for youWhat type of account would work out best for my situation?How much of my income should I save?Is Vanguard the right choice?EDITSorry, I probably should have added more information.Annual income: around 10,500I also have a full ride scholarship so I dont have to worry about college tuition expenses.  <response>: Roth IRA that locks in paying no tax or very low tax now because youre in a low tax bracket sounds right to me. I am just assuming that if you are a high school grad and work part time and started in May or June you are in a low tax bracket. I could be wrong. Dont worry about whether you cant make contributions in the future: if your tax situation changes, and you dont want to contribute or its not a good deal to contribute when your tax rate is high, you dont have to. Whats already contributed continues to be able to be invested and hopefully grow.The max you can put into your Roth IRA for a year is 5500. You should save some of your money outside the Roth IRA for use with education, and your living expenses in near future. 