It is the last day of The Retirement Reality’s 12 Retirement Tips of Christmas. If you missed any of the previous tips, be sure to click here.

Twelve Drummers Drumming – Be sure to maintain a steady drumbeat of contributions to your 401(k) plan. In the past, many workers were able to rely on Social Security for financing their golden years. As a part of the Baby Boomer generation, Social Security should only be taken as a supplement to your retirement income but never the sole source of income. To steadily and consistently save towards your 401(k), study your current finances to see how much you are able to save monthly. If your employer offers a match program, be sure to take advantage of this option to help increase your savings. Overall, be sure to add as much to your 401(k) plan as possible.

So this year, while you are singing The 12 Days of Christmas, make sure you take some time each day to evaluate your financial future.

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