Retirement accounts, 401k, 403b & IRA, are essential for investors. The 401(k) account can be opened by enrolling through your workplace savings plan. Usually, these accounts can be open in a short time through account administrator such as Vanguard, Fidelity, T. Rowe Price, Prudential, etc.
It is important to start saving early; you can grow your money faster. Whether you are young or old, it is important to take advantage the company benefit. Some companies may offer match contribution for you. For 401k, the company may offers traditional 401k or Roth 401k.
Once enrolled, you can choose variety of investment funds in your account. Whether it is bond funds, stock funds, balanced funds, target date funds; you need to find the right funds for your accounts.
Mutual Funds
Mutual funds are popular investment for 401k investors. Most of these mutual funds are managed by top fund managers & have great returns over the long term time frame.