Only 60 percent of American workers saving for retirement

January 2007 (Medialink) - Did you know according to a study by the Employee Benefit Research Institute, only 60 percent of American workers are saving for retirement - and fewer than 40 percent have an IRA? Experts agree the sooner you get started, the more you'll have for the golden years.

For those who think it's hard and painful to do, the simplest way is through employer-sponsored programs like a 401k, particularly when it's matched by an employer. This is the time of year many workers have opportunities to change their contributions to company 401k plans and to set aside some extra money for individual retirement accounts.

You should contribute at least the company matched percentage to your 401k. You should also save on your own - with a mix of stocks, bonds, and other investments. If you haven't started saving, there are some strategies to help you catch up. Financial professionals can help craft a savings strategy to best reach your retirement goals.