Your retirement funds can be saved in many ways. The most typical is the FICA payments taken out of our paychecks. This goes toward your Social Security and is one way to save although there are thoughts that this system may disappear in future years. Mutual funds are another way to save, with systematic purchases of corporate securities.
Ira’s and 401K’s are tax-sheltered annuities as are Simplified Employee Pensions but maybe those who are the lucky ones, can strike it rich on...