Retirement Savings Accounts are financial tools designed to help individuals save money for their retirement. These accounts often offer tax advantages, allowing contributions to grow tax-deferred until withdrawal. Common types include 401(k) plans, IRAs (Individual Retirement Accounts), and Roth IRAs, each with specific rules regarding contributions and withdrawals. Contributing to a retirement savings account can provide a secure financial future, as it encourages regular saving over time. Many employers offer matching contributions for 401(k) plans, which can significantly boost savings. It's essential to understand the different options available to choose the best account for individual retirement goals.