Retirement

Saving for retirement, and managing income once you retire, are two important aspects of personal financial management. When it comes to saving, tax-advantaged options such as a 401(k) or IRA can be smart choices. In addition to potential tax benefits, there is an opportunity for your savings to compound over time. FINRA's Smart 401(k) resource provides valuable information about how 401(k) plans work, whether you're just getting started or already retired.

Once you retire, the way you manage your income can mean the difference between living comfortably in retirement and running short of money down the road. Whether you are in retirement or still saving for it, there are actions you can take now to manage retirement income.

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  • Save-the-Max Calculator
    Use this calculator to determine if you are on track to "save the max" in your 401(k).
  • Required Minimum Distribution Calculator
    Use this calculator to determine your Required Minimum Distribution (RMD) from a traditional 401(k) or IRA. In general, you must begin withdrawing money by April 1 of the year following the year that you turn 70½.
  • Resources for Employees
    These tips will help employees spot early retirement scams.