What are the benefits of 401k retirement plans?

[Amanda Kayleen]

Tax-deferred compounded growth depending on your time frame until retirement, generous salary deferral limits (which would allow you to save money pre-tax - for 2009 you may defer $16,500 - 50 or older? You may contribute a whopping $22,000) and possible employer matching for your contributions are just a few benefits of investing in a 401(k). Examine your plan carefully for fees and understand your choices.