Individuals who work for the state of South Carolina can inquire with the South Carolina Public Employee Benefit Authority to determine retirement plan options that may include investment consulting services, according to the South Carolina Public Employee Benefit Authority. People planning for retirement in South Carolina should set goals to save enough funds that equal 70 percent of preretirement income to maintain a standard of living once retired, recommends the U.S. Department of Labor.
Employees can sign up for an employer-sponsored retirement savings plan and contribute as much money as possible to secure funds for retirement while taking advantage of lower taxes, explains the U.S. Department of Labor. Individuals should request benefit statements to determine the amount accrued on a regular basis and avoid borrowing from the plan to secure funds for the future.
Individuals enrolled in a 401(k) or retirement savings plan should know how the funds are invested to reduce potential financial risks to their saved money, explains the U.S. Department of Labor. Investment plans should be diversified with savings placed in different types of investment funds. A financial consultant can recommend changes to the investment options over time based on the individual's goals, financial circumstances and age.