How to Get Your Retirement Savings On Track

The close of one year and the start of a new one is a good time to take a fresh look at your retirement planning to determine whether you're making progress and, if not, take steps to improve your prospects. Unfortunately, many people fail to do such an assessment at any time of year. Fewer than half of workers have tried to calculate how much they need to save for a comfortable retirement, according to the Employee Benefit Research Institute's 2015 Retirement Confidence Survey, and nearly 40% admit that they simply guess about how much they'll need rather than do an analysis.