A convenient, tax-advantaged way for employees to grow their retirement savings through automatic contributions.
Build a Future That Works for You
Planning for retirement is one of the most important steps in securing long-term financial comfort. For many Americans, a 401(k) plan is the foundation of that journey. Whether you're an employee looking to grow your savings or an employer wanting to support your team, a well-structured 401(k) offers a smart, tax-advantaged way to invest for the future. At Marc Spiro & Company, we help businesses and individuals understand their options and build retirement strategies that are easy to follow and easy to trust. A 401(k) is more than a savings account; it’s a long-term tool that grows with you. With its tax benefits, investment choices, and employer contribution options, it’s one of the most powerful ways to prepare for life after work.
What Is a 401(k) Plan?
A 401(k) plan is a tax-benefit retirement savings program offered by employers across the United States. Employees can contribute a part of their paychecks to the plan, often with the option to receive employer matching contributions. The money is invested in a range of options like mutual funds, stocks and bonds, allowing your savings to grow over time.
There are two important types of 401(k) plans:
Traditional 401(k): Contributions are made pre-tax, lowering your taxable income today. You pay taxes when you withdraw the money in retirement.
Roth 401(k): Contributions are made after tax, but qualified withdrawals in retirement are tax-free.
Both options help you build long-term wealth at your own pace, with the flexibility to adjust contributions as your financial situation changes.
Key Benefits of a 401(k) Plan
Tax Advantages That Boost Your Savings
With pre-tax contributions in a Traditional 401(k) or tax-free withdrawals in a Roth 401(k), these plans offer strong tax benefits that help your money grow efficiently.
Employer Contributions
Most employers offer matching contributions, which is essentially “free money” added to your retirement savings. Taking full advantage of the match can significantly increase long-term growth.
Automatic Payroll Deductions
Your contributions are taken directly from your paycheck, making saving effortless. Even little, consistent contributions can add up over time.
Investment Growth Over Time
401(k) plans offer a variety of investment choices, allowing your money to grow through market returns. With compounding, your savings can expand faster than traditional savings accounts.
Flexibility and Portability
If you change jobs, your 401(k) can be rolled over to a new employer’s plan or into an IRA, ensuring your savings stay with you throughout your career.
Employer Reputation & Employee Retention
For businesses, offering a 401(k) plan strengthens workplace satisfaction, supports long-term employee retention and creates a competitive benefits package.
A 401(k) plan is one of the strongest tools available to secure a comfortable retirement. With tax advantages, investment flexibility, and the option of employer contributions, it empowers Americans to take control of their future. At Marc Spiro & Company, we guide both individuals and businesses in choosing and managing the right plan, one that supports long-term confidence and financial stability. If you’d like to explore your options or build a retirement plan that fits your goals, our team is here to help every step of the way.
