Retirement funds are financial accounts designed to help individuals save money for their retirement years. These funds typically include options like 401(k) plans, IRAs (Individual Retirement Accounts), and pension plans. Contributions to these accounts often grow tax-deferred, meaning you won't pay taxes on the earnings until you withdraw the money during retirement. Investing in retirement funds is crucial for ensuring financial stability in later life. Many employers offer matching contributions to 401(k) plans, which can significantly boost savings. It's important to start contributing early to take advantage of compound interest, allowing your money to grow over time.