First understand that the best retirement savings plan should involve multiple streams of income. Most people realize that social security will probably not be around when they retire. At best we should only expect a small monthly token payment. Additionally, retirees can receive a larger amount if they delay the age that they start to receive benefits. Buy having additional sources of supplemental retirement income and waiting a few years to begin receiving payments from social security can mean a few extra hundred dollars a month.

The employer sponsored savings plan is the best option even in the current extreme market conditions. Most people now understand the importance of contributing to their 401k but unfortunately are having a hard enough time paying the bills with what they bring home. The thought of putting additional income into a retirement savings account seems impossible.

Let's assume the average workers income is $40,000. The maximum amount that is allowed to be contributed to a retirement savings plan is $15,500. This would leave the average worker $24,500 to support his family make mortgage payments etc. Obviously this is not feasible and if this person does contribute anything in all likelihood it is a very small amount. Or worse yet they think they will wait a few years and then start their retirement savings.

If this same person started looking for a source of supplemental retirement income now he would be much better off in the future. In the past this would mean getting a second working strange hours and never having a day off.

Now days there are many options available to someone looking to increase there retirement savings and working from home is becoming the popular choice. In fact there are so many options that finding the right one is the hardest part.

There are people who make money just taking surveys on their computer. This method works best if you go into realizing what it is. A chance to make a few hundred dollars a month and you won't get rich doing it (no matter what the advertisement says). However, making $200 to $500 dollars extra a month will allow you to contribute that much more towards your retirement savings account at work. Once you do retire you can continue to do this earning income in retirement and delaying drawing social security.

Another option is affiliate marketing. This method works best for those who are in it for the long haul. Some really good money can be made but it usually takes awhile for the fruits of your labor to be seen. This allows you to increase your retirement income in two ways. You can slowly increase your retirement savings deductions at work until you reach the maximum amount allowed and if you choose the correct affiliate program you will continue to earn money in retirement.

As you can see there are several options available to increase your retirement savings. The key is start planning now.