human
I need to find out more about the benefits of a 401k.
assistant
The primary benefit of contributing to a 401k is that you are able to save for retirement early, before taxes and other deductions. Additionally, employers may match contributions up to a certain limit, which can significantly increase your savings potential. Another benefit is that 401k plans offer a variety of investment options, including stocks, bonds, mutual funds, and money market accounts, so you have the opportunity to build a diversified portfolio. Finally, 401ks often come with employer-matching contributions, which means that even if you don't make any contributions yourself, your employer will contribute a percentage of your salary towards your retirement savings.