Retirement Planning: Securing Your Future

Planning for Retirement

Retirement may seem far away, but the earlier you start planning, the better positioned you'll be. Compound growth works best with time.

Retirement Accounts

• 401(k) - Employer-sponsored with potential matching
• IRA - Individual retirement account
• Roth Accounts - Tax-free growth and withdrawals

How Much Do You Need?

A common guideline is to replace 70-80% of pre-retirement income. Calculate your expected expenses and work backward to determine savings needs.