Retirement accounts are financial tools designed to help individuals save money for their retirement years. These accounts often provide tax advantages, allowing contributions to grow tax-deferred or tax-free until withdrawal. Common types of retirement accounts include 401(k) plans, IRAs (Individual Retirement Accounts), and Roth IRAs, each with specific rules regarding contributions and withdrawals. Contributing to a retirement account can help ensure financial stability in retirement. Many employers offer matching contributions for 401(k) plans, which can significantly boost savings. It's important to understand the different types of accounts and their benefits to make informed decisions about retirement planning.