If you wait until you're 45 years old to start saving for retirement, you'll need to save about $24,000 per year just to reach a comfortable retirement level. But if you start when you're 25, you can reach that same level by saving just $4,000 per year. So use the simple tips below to start getting your savings on track right away.

1. The next time you get a raise, invest that extra money in your future.

2. If you're about to pay off a car loan or some other monthly expense, you can make a huge impact on your investment plansby simply adding that extra money to your retirement account.

3. Make your investments automatic. To make saving easier, sign up to have a specified amount conveniently deducted from your paycheck and electronically deposit into your savings investments. You’ll consistently add to your savings, without even thinking about it.

4. If you have access to a 401(k) retirement plan, make sure you are using it–especially if you get matching contributions from your employer. You'll double your money with the employer's match...and your contributions are generally taken out of your check pre-tax, so your savings cost even less in real, after-tax dollars.

The most important point is to get started right away – not next month or next year, but right now with whatever amount you can. You can always increase the amount you invest...but you can never get back the compounding interest you'll lose by waiting.

If you have any other savings tips please let me know. Also, email me if you need a referral to a professional financial planner.