- How can I start investing for my retirement?
- How can I plan for my children's education?
- How do I develop an investment strategy that supports my lifestyle?
- I have money to invest. Where do I begin?
- As a business owner, how do I plan for my own and my employees' needs?
- How can I lower my tax bill?
- How can I ensure the financial security of my family?
- How can I ensure that my wealth is transferred to my loved ones?
- How can I manage my short-term needs while maintaining my long-term financial goals?
CHOOSE BY LIFE EVENT
HOW WE APPROACH YOUR NEEDS
Retiring Soon
Finding a Way
If retirement is within sight, you may be wondering if you've saved enough to maintain your current lifestyle. Regardless of what you discover, there are several options to help you create a retirement income stream.
Empty Nesters
After sending their youngest child through college, a married professional couple finds themselves getting ready to retire.
He has worked for his company for more than 30 years and contributes enough to his 401(k) to receive the company match. She will receive a company pension when she retires.
They are beginning to wonder if they have saved enough to maintain their current lifestyle in retirement.
To better understand their financial situation, the couple recently consolidated their retirement accounts with Edward Jones. After doing so, they learned that they needed to increase their savings.
Because their mortgage will be paid off this year, they will use the extra money to fully fund Roth IRAs, including their catch-up contributions.
And because they no longer have college-related expenses, they are now contributing the maximum to his 401(k)s, as well as considering a variable annuity, which offers a guaranteed income stream (as backed by the claims paying ability of the issuing insurance company) that they can't outlive.
Strategies When Retiring Soon
- Roth IRA with catch-up contributions
- Traditional IRA with catch-up contributions
- Stretch out your IRA
- 401(k), 403(b), 457(b)
- Managed Account Program (MAP)
- Non-qualified variable annuity
- Life Insurance Retirement Plan (LIRP)
- Review of ESOP or executive compensation options
- Monthly investing
- Review your annual Social Security statement
- Company pension
- Insurance Review
- Edward Jones Trust Company
Six steps to developing a strategy for retirement.
Start here »Ask For a Complimentary Retirement Plan Review
For a complete, personalized report and recommendations on how to help make your retirement goals a reality, contact your local financial advisor.
