Need to Increase Your Retirement Plan Contributions? Here's How.

Saving for retirement is an important thing . But let's face it -- it's not always an easy or fun thing.

To consistently fund a 401(k) or IRA, you'll probably need to give something up. That something may be a nicer car, a much-needed vacation, or home maintenance you'd like to outsource.

But the reality is that planning to retire on Social Security alone is a bad idea. Those benefits will only replace about 40% of your paycheck if you're an average earner, and most seniors need more like 70% to 80% of their pre-retirement income to manage their expenses well.

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Source Fool.com