planning your retirement

You have an idea of what retirement looks like.

But if you’re like most people, you might not be exactly sure how much income to expect from your 401(k), Social Security or pension plan. How much more income will you need to retire in comfort? How will you get it?

Whether your retirement is years in the future or right around the corner, now is a good time to find the answers. Start with our tips below, then when you’re ready to look deeper, we hope you’ll reach out to our Asset Management Group and meet with one of our experts.

It’s your life. Enjoy it—today, and for years to come!

plan to save

Calculate how much you’ll need to save to make up the difference between your projected retirement income and expenses. A financial adviser, planning software, or online calculator can help.

save smart

Make every effort to contribute the maximum amounts to your employer-sponsored retirement plan, such as a 401(k), if you have one. Your employer may make matching contributions, and you won’t have to pay income tax on any of the funds until you withdraw them after retirement.

Other retirement plans and accounts, such as IRAs, offer a variety of tax and earnings advantages.

invest regularly

Want to do more for your retirement? Our Asset Management Group offers financial planning and investment advice to help you meet your long-term financial goals with a diversified, custom plan that’s right for you. You’ll get personal attention and clear choices from a variety of options that simplify your life and maximize your potential for the future.

estimate your expenses

Retirement expenses traditionally average 70%-80% of pre-retirement expenses. Even though your kids will be out of the house and your mortgage will be paid off, other expenses—such as inflation, property taxes, medical care, and major home repairs—can arise to offset these savings.

get the facts

The Social Security Administration sends out annual future benefits statements to all U.S. workers ages 25 and above. It’s also important to know your full Social Security retirement age — Click here to learn yours.

it’s YOUR life

Live it in color!

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