human
I need to find out more about the benefits of a 401k.
assistant
The primary benefit of a 401k is that it allows you to save for retirement and receive tax advantages. You can contribute up to $19,500 in 2018 if you are under 50 years old. Additionally, your employer may match some or all of your contributions, which can further increase the amount of money you have available to invest. With a 401k, you also have access to investment options such as stocks, bonds, mutual funds, and other financial instruments. These investments can help you build a portfolio tailored to your goals, including retirement savings. Lastly, many employers will offer additional incentives like educational assistance, health insurance premiums, and other employee benefits.