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10 New Year’s resolutions for retirement

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It might be a little late to still be talking about resolutions, but it’s never too early to start thinking about retirement savings, and if the past few years have taught us anything, they’ve shown us that you can never plan too carefully for later life.

Emily Brandon at Yahoo Finance has ten things to start doing in 2013, whether you’re twenty-five or forty-five, to ensure those senior years are truly golden.

Save 1 percent more. Set your direct deposit to your 401(k) or IRA to be slightly higher next year. “I would increase the percentage 1 percent, and if, after three months, I am paying my bills and having a little fun, I would raise that another 1 percent,” suggests Gail MarksJarvis, author ofSaving for Retirement (Without Living Like a Pauper or Winning the Lottery). “If I am getting a raise in the new year, my resolution would be to provide half of my raise to a 401(k) or an IRA before I ever take that pay home.”

Max out your employer benefits. Saving for retirement is easier when your employer chips in. Make sure that you sign up for your workplace retirement plan and save enough to capture the 401(k) match or other contributions offered by your company. An employee who earns $50,000 a year and gets a 3 percent employer match could get as much as $1,500 annually from the company for their retirement.

Full story at Yahoo Finance.

Planning for retirement.

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