Plan for your retirement goals.
Whether your retirement is years away or just around the corner, it's smart to turn to an advisor who can help you prepare for your future.
How much do you need to save?
Your retirement could last 20 years or more.{{d1095*}} Learn how much you should be putting away.
You have a choice of many retirement portfolio assets.
Tax-deferred contributions
Employer-sponsored plans
401(k), 403(b) and 457(b) plans may also offer employer matching contributions.
IRAs (Individual retirement accounts)
As an income earner, you can contribute to an IRA up to the annual IRS contribution limit.
Tax-advantaged investments
Roth IRAs
You can contribute to a Roth IRA if you work and your modified adjusted gross income does not exceed IRS income limits.
Municipal bonds
These debt securities, issued by state and local governments, are appealing to high income earners.
Taxable investments
Stocks, bonds, mutual funds and ETFs
When sold, earnings are taxed as capital gains.
Savings and money market accounts and CDs
Earnings are taxed as interest income.
Treasury bonds and Treasury bills
Earnings are state and local tax exempt.
Begin your journey toward your retirement.
Rely on the guidance of an advisor, who will understand your goals and build a customized plan for your retirement vision.
Other sources of income
Your advisor will review other resources for your retirement goals.
Traditional pension plans. Some professions offer employer-funded plans that provide an income stream or lump sum at an employee's retirement.
Social Security retirement benefits. Betweeen ages 62 and 70, you can apply for your monthly retirement benefits, which are based on your lifetime earnings.{{d1096*}}
Annuities. These investments offer tax-deferred growth for your retirement savings and can provide a lifetime income stream.
Cash value life insurance. These policies offer tax-deferred growth and can provide a financial resource through income tax-free policy loans and withdrawals.
Use our retirement calculators.
See what you should be doing now to get closer to your goals.
Know if you're saving enough.
How long will your savings last?
Prepare for inflation.
Even low inflation rates could diminish your buying power.
Plan to minimize tax risk.
Understand what your tax exposure may be in retirement.
Get sound advice today.
MOVE TOWARDS YOUR GOALS
Feel confident about your future. Talk with a financial professional from Wilmington Advisors @ M&T about planning for your retirement.
