human
I'd like to know more about the benefits of a 401k.
assistant
The primary benefit of a 401(k) is that it allows you to save for retirement on a tax-deferred basis. This means that contributions are not subject to federal income taxes until they are withdrawn, which can provide an immediate financial advantage. Additionally, many employers offer matching contributions, which increase the amount you have available to save and can significantly boost your retirement savings. Finally, 401(k)s typically allow you to choose from a variety of investment options, such as stocks and bonds, allowing you to customize your retirement plan to meet your specific needs.