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First, you always want to take advantage of any employer match—it is free money. For example, if the employer matches $.50 for each dollar you contribute, that’s like earning 50% after taxes for each matched dollar. Regardless of economic conditions, you should always contribute up to the amount that the employer will match.

Advisors who helped their clients establish a retirement investment strategy based on time horizons, have clients who feel more secure this October. The economic crisis of 2008 has many retirees very concerned over what adjustments to make in their retirement plans. The Dow Jones has gone from over 14,000 in October 2007 to under 10,000 at the start of October 2008. Advisors’ phones are ringing with retirees wanting to know, “What do I do?” or “Should we reduce our retirement income?” But, advisors who helped their clients invest using time horizons and retirement phases are telling their clients, “No need to make any changes. Your retirement strategy was built to allow riskier investments to have plenty of time to recover – your plans do not have to be adjusted up and down with market changes.”