Retirement accounts refer to savings or investment vehicles specifically designed for individuals to set aside money for their retirement. These accounts are typically offered through employer-sponsored plans, such as 401(k)s, or through individual retirement arrangements (IRAs). The funds in these accounts can be invested in stocks, bonds, and other assets that grow tax-deferred until the account holder reaches retirement age. Withdrawals from these accounts are then taxed as ordinary income, but any earnings on the contributions are not taxed. Retirement accounts provide a way for individuals to save for their future financial needs and ensure they have enough money to live comfortably in their golden years.