Maybe you’ve heard that the average American needs over $1 million in retirement savings to comfortably enjoy their golden years. While it is easy to get overwhelmed by a huge number like $1 million, most workers get help saving for retirement in the form of a 401(k). Here a 401k defined and explained with guidance on how it helps you save. We also will show you how to take advantage of an employer match if you’re fortunate enough to receive one.