Tips On Your Retirement Savings
By Alan Lim
Here are some suggestions and things to watch out for your savings:

1. Save automatically

Twenty five percent of eligible workers do not or decline to sign up for a 401K plan. Workers who do not sign up are risking their future. Plus, approximately $30 billion are left out in the form of company contributions.

If only a few rank-and-file workers participate, the higher-paid workers contributions are limited as stated in the IRS rules. An increasing number of companies have made 401K enrollment automatic. Employees can still choose to opt out.

Twenty five percent of large companies have employees automatically enrolled in the 401K. Although, this would mean that many of the new employees are in a very conservative investment that may not be enough to beat inflation.

If you're one of those higher-paid employees, you may want to move your money into a stock fund to take advantage of long term growth. You may also want too boost your contributions each year until you max out.

2. Simplify your investment

During the late 90s when the stock market was rising, providing workers with more investment choices was the rage. A few companies introduced new options and some offered 'brokerage windows' letting employees invest their 401K savings in an array of funds and stocks.

True-blue investors loved the choices and unfortunately drove up costs with the increased amount of trading. Majority

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