e.401k retirement plan is a popular plan and many of the people opt for this. In this, you have to fill some information and its result will show the information regarding money available at retirement time, interest earned and other such things. Not only it is tax saver but also ensure good returns and is safe too. Several other features of 401k retirement plan includes roll over facility that enables you to shift to other plan in case you change your employer. In 401 Retirement plan, contributions deduction is from pre tax salary and these savings accumulated tax free until the time of retirement or withdrawal time and thus helps significantly in tax saving as at time of retirement you probably would have lower income slab and thus lower tax rate. Various retirement plans have different features and it is possible that one plan which is most suitable to your friend could not serve you same way depending on the type of job, income or other related facts. the employee himself as well as the employer makes contribution to the retirement fund. In this saving plan both parties i. As employer and employee both make contributions so funds grow to sustantial amount till the time of retirement or withdrawal time and thus helps significantly in tax saving as at time of retirement you probably would have lower income slab and thus lower tax rate. Various retirement plans have different features and it is possible that one plan which is most suitable to your friend could not serve you same way depending on the type of job, income or other related facts. the employee himself as well as the employer makes contribution to the retirement fund. In this saving plan both parties i. As employer and employee both make contributions so funds grow to sustantial amount till the time of retirement or withdrawal time and thus helps significantly in tax saving as at time of retirement you probably would have lower income slab and thus lower tax rate. Various retirement plans have different features and it is possible that one plan which