Key Investment Principles Glossary Retirement Planning Calculators

Retirement Plans for Individuals

We are all approaching retirement at the same rate: one day at a time. Regardless of your age or income, what you do today may determine the quality of life you'll have in your retirement. Experts agree: the sooner you begin planning your retirement, the better off you'll likely be.

For most, retirement generally means that earnings drop substantially and that you'll need to depend on other sources of income including Social Security, a pension plan or income from additional investments. While earnings typically drop, most living expenses and the effects of inflation do not.

Social Security was not designed as a sole source of retirement income. Currently, of the population group age 65 and older, 48% would drop below the poverty line if they had no Social Security Benefits. A strong retirement foundation is built upon four pillars: Social Security, Retirement Plans, Personal Savings and Insurance⁽¹⁾. Planning now for additional retirement income is very important to your financial future. One way to control your financial destiny is to start a planned method of saving and investing for retirement today: specifically, an Individual Retirement Account, your own tax-deferred IRA.

1) Source: Fast Facts and Figures 2001, Social Security Administration

Plan For A Financially Secure Retirement

No matter your age or income, what you do today may determine the quality of life you'll have in your retirement. The sooner you begin planning, the better off you'll likely be in your later years. Let us help you prepare with these flexible retirement solutions.

Traditional IRA - Investigate the option of a personal retirement plan with tax deferred growth.

Roth IRA - Learn more about a retirement plan that has the potential for providing tax-free distributions.

IRA Rollover - Find out how we can help protect you from unnecessary early payout penalties when you change jobs or retire.

Federal Mid-Term Rate - Information regarding substantially equal periodic payments

These return figures are for illustrative purposes only and do not represent the past or future performance of any specific investment. It is unlikely that the annual growth, if any, of an actual investment will be constant. Illustration does not include the effects of applicable fees and expenses or taxes. Illustration assumes the investment of $100 per month for 15 years, with an assumed rate of return at 8%, and the reinvestment of all dividends.

These return figures are for illustrative purposes only and do not represent the past or future performance of any specific investment. It is unlikely that the annual growth, if any, of an actual investment will be constant. Illustration does not include the effects of applicable fees and expenses. Illustrations assume an 8% return before taxes and the reinvestment of all dividends.