How To Plan For Retirement With A 401K? 
A qualified , employer sponsored , defined contribution retirement plan like a 401 -LRB- k -RRB- is one of the most popular savings options . Some employers offer an additional contribution match furtherenhancingyour pretax contributions . Many advisers recommend that baby boomers work until age 70 1/2 to contribute as much as possible due to the risk of longevity duringretirement and required minimum distributions are triggered for income . 