Saving for Retirement

Saving for retirement means regularly setting aside a portion of your paycheck into a tax-advantaged investment account to build long-term financial security. With a 401(k), contributions are typically made pre-tax (or after-tax with a Roth 401(k)), allowing your money to grow through investments like mutual funds. Many employers also offer matching contributions, which can boost your savings. Over time, consistent contributions and compound growth help you accumulate a nest egg you can use to support yourself after you stop working.