401(k) and 403(b) plans are the most common retirement plans these days- What are the big advantages to employees with these plans?

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Retirement planning refers to financial strategies of saving, investments, and ultimately distributing money meant to sustain oneself during retirement. Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s, allow retirement savers to grow their money with certain tax advantages.
 


401(k) and 403(b) plans are the most common retirement plans these days- What are the big advantages to employees with these plans?