Does A 401K Count As A Retirement Plan? 
A 401 -LRB- k -RRB- is an account designed to grow monies tax deferred and is part of a retirement plan . A retirement plan will consist of looking at how much you are saving today and where as well as how much you need or should save , taking into account Social Security and other sources of potential income as well . A plan or `` road map '' as I like to call it is something which should get updated regularly as well since `` life '' is always throwing curve balls at us . I recommend talking to someone who is knowledgeable with retirement planning and who you can work with for the years to come . 