<prompt> Human: We are 30 and 29, respectively and have no savings to speak of. No emergency fund, nothing. I would like to start working toward being more financially stable. I have a plan to start putting away all my supplemental income I have a second job that I make approximately 400 a month, tax free, and any child support I may get into a high yield saving account to build up an emergency fund, but he is apprehensive of starting to put money into a 401k. He thinks its too risky and that we may lose all the money we put in. Im not well versed enough in personal finance to be able to articulate how this all works so he will understand. I would just like to be able to retire comfortably before Im 70. How do I put his mind at ease and explain the importance of investing?Assistant: Where does he want to put the money instead or is he not yet on-board with the need to save?? Is there a match to the 401k?Human: He thinks a regular-old savings account will suffice. Our companyboth employed for the same company only matches up to 1.  <response>: Youd actually be losing money each and every year by doing this due to inflation. 