<prompt> Human: Its probably a noob question but I was just wondering why 401Ks or IRAs make more sense than a simple CD or savings account. It seems to me like it doesnt give any additional tax benefit since youre either taxed before you stick it in there or as youre withdrawing anyways. Have a little bit of money and wanted to see what to do with it.Thanks!  <response>: If you have to ask this question please take time and read through the FAQThe short answer to your question is yes, a 401kIRA make a lot more sense for retirement than a CDsavings account.The longer answer is that a 401kIRA has a much higher liklihood of increasing your funds over your working career than a savingsCD, which will effectively lose buying power. 