Savings tips: Retirement 101

Personal finance expert Farnoosh Torabi says saving early and often is the best way to guarantee a safe landing in retirement. Some of her tips to safeguard your financial future:

• Save early and often. Investment accounts such as 401(k)s or IRAs are available for many employees. Younger employees can diversify their investments; workers in their 30s and 40s should be a little more conservative and older workers even more conservative. Invest enough to a 401(k) to be eligible for an employer match, which is a great way to boost your savings

• Employees in their 40s and 50s might consider a Social Security strategy. Retirement age isn't the same as in the past. Retiring sometime in your 70s means a larger Social Security payment each month.

How has unemployment or economic hardship impacted your ability to save or to retire? Share your ideas and suggestions in the conversation below.

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