Retirement Accounts: Saving for retirement is a critical long-term financial goal, and retirement accounts offer tax-advantaged ways to invest for your future. Here are some common retirement accounts to consider:

a. 401(k) Plans: Employer-sponsored 401(k) plans allow employees to contribute a portion of their salary to a retirement account on a pre-tax basis. Many employers also offer matching contributions, providing an additional incentive to save for retirement.

b. Individual Retirement Accounts (IRAs): IRAs are retirement accounts that individuals can open with banks, brokerage firms, or mutual fund companies. Traditional IRAs offer tax-deferred growth, meaning you don’t pay taxes on investment earnings until you withdraw funds in retirement. Roth IRAs, on the other hand, allow tax-free withdrawals in retirement but are funded with after-tax contributions.