Whether you are saving in the 401(a) Retirement Plan or the 457(b) Deferred Compensation Plan, you get to decide where and how to invest your savings in each plan. How do you decide? Begin by asking yourself, "What is my tolerance for risk?" You may have time to weather the stock market's ups and downs, or you may be nearing retirement and thinking more conservatively. Either way, you are more likely to stick with a plan if it reflects your risk comfort level.

Once you have identified your risk tolerance, it is time to think about your mix of investments. If you are years away from your anticipated retirement, you may choose to include some stock funds in your portfolio. On the other hand, if you take on too much risk, the money you have been counting on may not be there when you need it, especially if you are quickly approaching retirement.

For many people, a simple approach will work best. Selecting a Target Date Fund that matches the year you plan to retire may be all you need. If you are a more hands-on investor, you can also "do-it-yourself" and build your own mix of investments. You will find a broad range of investment options for building and managing diversified fund portfolios for your account(s). Learn more.

If you would like to discuss in more detail, you may also schedule an in-person, one-on-one appointment with your local representative by clicking the local offices at 1015 Half Street SE, 9th Floor or 777 North Capitol Street, 8th Floor Office.

When it comes to preparing for your future, there is no time like the present. Here are some tips to help keep you on course for a more successful, sustainable retirement -- no matter how old you are.