Retirement savings

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How does the amount you are contributing in 2011 to retirement savings accounts, such as 401(k)s and IRAs, compare to what you contributed last year?

Jim Wright

"We encourage people to formulate a plan and stick with it."

When saving for retirement, consistency is important. It is a bit disconcerting to see so many people not saving or cutting back. This is certainly partly a function of the economic environment and ... could also be related to fears about the stock market given the meltdown in 2008, the flash crash in 2010 and the recent wild market swings. When investing for retirement, investors have to take a long-term view. As you get closer to retirement, look for opportunities to adopt a more conservative asset allocation.

- Jim Wright, chief investment officer, Harvest Financial Partners in Paoli, Pa.

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