How to Save for Retirement If you are signed up for your 401(k) at work or are thinking about signing up then you should know how a 401(k) works. The main reason people setup a 401(k) is to save for retirement. There are many benefits of a 401(k) including the ability to save pre-tax and tax deferral. Please view the video below and then give us a call at Chicago Wealth Management Group (630) 873-3577. Your browser does not support the video tag. Share | Have a Question About This Topic? Name Email Address Phone Question Thank you! Oops! Related ContentsHow to Retire EarlyRetiring early sounds like a dream come true, but it’s important to take a look at the cold, hard facts.Split Annuity StrategyHere's one strategy that combines two different annuities to generate income and rebuild principal.Retirement Plan DistributionsThere are a number of ways to withdraw money from a qualified retirement plan.