A recent article on msn.com, "8 Ways to Botch Your Retirement", lists the numerous ways that workers put their plans for retirement in jeopardy. The list ranges from the obvious, such as spending too much or not saving enough to the not-so-obvious, for instance, disregarding tax implications, overestimating portfolio earnings, miscalculating lifetime earnings and not counting for things such as health care and long-term care costs.

As an employer, what can you do to help your employees ensure their retirement dreams stay intact? First, offer them a quality retirement plan with low fees that won’t diminish their earning power. Next, make sure to educate them on the importance of not only saving enough, but also learning more about their investment options, and what costs may lay ahead for them once they are retired.

The internet is an excellent resource for your employees to learn more about the issues that can affect their retirement. The NADART Web site, for instance, has calculators that lets them see what they should be saving, what their tax implications may or may not be, and how saving a little extra can help them in the long run. It also has various news articles and links to help educate them about retirement issues, as well as detailed descriptions of NADART’s fund offerings.

If you’d like to learn more about NADART’s retirement plans services, please contact a NADART Representative at (800) 462-3278, ext. 7161 or e-mail nadart401k@nada.org.