PREPARING FOR RETIREMENT
Tips on making a plan, and making the most of your savings
Planning for Retirement? We're Here to Help
The two most important things to keep in mind when thinking about retirement?
1. The best time to start is now.
2. You don’t have to do it alone.
How do you picture retirement?
Start by asking yourself what kind of retirement you want: Do you picture travel? Time with grandkids? Diving into your dream hobby? Do you think you would stay in your current home, or plan to downsize?
Knowing your goal is the first step in building the plan to get there. You can even start putting together a rough budget of future expenses. And as life happens, you can adjust along the way.
What is your starting point?
Next, take a look at where you stand today. What savings have you already built up from employer retirement plans, IRAs, or your personal savings?
Now that you know more about what you’ll need and what you have so far, you can use Retirement Savings Calculator to see how much more you’ll need to save.
Make the most of your money
Building the habit of saving can be just as important as the amount you save. Even small, consistent contributions now can grow into something powerful later.
But what’s the best way to put your money to work? For most people, your employer’s retirement program is a great place to start, especially if they offer a savings match. But the right mix of 401k contributions, IRAs, and other retirement accounts will depend on your personal goals, timeline, and employment history.
You’re not alone.
As your credit union, we’re here to help you make smart, informed moves—whether that’s choosing the right accounts, managing debt, or setting realistic goals that work with your lifestyle.
Together Investment & Retirement Services can also work with you one-on-one to build a comprehensive plan for your financial future, and offer smart strategies for using your savings once you reach that next chapter.
Retirement Planning Tips
- Determine your retirement plans
- Identify a starting point
- Make the most of your money
- Take advantage of helpful resources
Tools and Resources
Together Retirement & Investment Services
Individual Retirement Accounts
Retirement Calculators
Financial Wellness Resources
Have you thought about your future? TogetherCU members have access to TIRS to assist with your personal financial needs and aspirations.
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Saving for retirement early in your career can be beneficial down the road.
When you have a plan for your money, you're more likely to turn your dreams into reality.