- Retirement: A Lifestyle Choice
- Myths of Retirement Planning
- Retirement Sources of Income: The Three-Legged Stool
- The Case for Pre-Tax Savings
- Basic Retirement Guidelines
- Inflation: The Incredible Shrinking Monster
- Big Picture Preview
- Calculating Your Personal Retirement Assets
- Beyond the Basics: Bulletproofing Your Savings
- Saving More for Retirement
- Making Up the Shortfall
- Simple Tax-Advantaged Planning Strategies To Consider
Here are six basic guidelines to keep in mind when developing your personal retirement strategy.
Guideline #1: Pay Yourself First. Establish a dollar amount you can save comfortably every month. Always remember, you are entitled to keep a portion of what you earn.
Guideline #2: Don't Bank on Your House for Retirement Income. A house is primarily a home... not an investment for your retirement. While you may eventually trade down when you retire, consider the equity in your home an emergency reserve, not a primary source of income.
Guideline #3: One Good Place to Save for Retirement Is a Company Retirement Plan. Remember to consider other tax-advantaged savings vehicles as well.
Guideline #4: Make Retirement Your First Savings. If your disposable income is limited, save money in your retirement plan before funding long-term goals such as your child's college education. Remember, your retirement is the largest expense you'll ever have to fund.
Guideline #5: Avoid Taking a Retirement Plan Distribution before Retirement. Transfer your plan's savings to an IRA or a new company retirement plan if you change jobs. Don't consider withdrawing money until you've exhausted all other possibilities.
Guideline #6: The Best Time to Start Saving for Your Retirement Is Right Now. Accumulating enough money to retire comfortably takes time.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
