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Employers tap variety of options to encourage employees to save for retirement.

Article Excerpt
Getting someone to start saving early for retirement can be likened to regular flossing. Too often by the time people are convinced about the need to floss, it is because they have started losing teeth.

Saving for retirement is similar in that it often doesn't seem like a big priority for young people at their first job. And when they are 55 looking at retirement only a decade away, it is a far more difficult task to save enough for retirement.

"I think the problem is it is difficult to get people to think into the future particularly if it costs them something today," said Dr. Ken Cyree, who holds the Frank R. Day-Mississippi Bankers Association Chair of Banking at the University of Mississippi in Oxford. "You're talking about human nature and I don't know the answer. I don't know that anyone hardly does."

Starting early can make a huge difference. Cyree gives the example that if you start saving $100 per month at age 22 and that is matched in a 401(k) plan by an employer's contribution of $100 per month, the investor could retire with...

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