Retirement Accounts

Your employer-sponsored retirement plan is an important benefit. Our team can help you understand and maximize it.

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For Individuals

Solutions for Every Phase

Enrolling in your employer’s retirement plan is an important first step on the path toward saving for your future. Your employer-sponsored retirement plan is not just a program added to your benefits package, it’s an essential savings vehicle designed to help you retire ready.

Most plans provide flexibility to allow you to spread out your contributions or diversify among different investment types, and provide many benefits, including:

  • Automatic payroll contributions
  • Pre-tax contributions and tax-deferred earnings on traditional plans
  • Tax-free withdrawals for qualified distributions from Roth-style plans
  • Choice among different asset classes and investment vehicles
  • Potential for employer-matching contributions

If you don’t feel comfortable or have the time or resources to manage your retirement account on your own, AssuredPartners Investment Advisors can help by working with you to:

  • Analyze your current strategy
  • Determine your retirement goals
  • Understand your risk tolerance and advise you on what types of investments are appropriate for you
  • Develop a specific plan that will help you get on track toward the retirement you envision

The road to retirement can be a complicated journey at times — having a trusted a financial professional to guide you can help you feel more confident that you are making the best decisions for your financial future.

Invest in Your Retirement Readiness

Will you Have Enough Money?
  • A retiree spends an average of $4,300 a year on health care expenses.
  • An average 65-74-year-old spends about $55,000 year on living expenses.
  • A person that is 65 today is expected to live to about 85. An increase in life expectancy means more time spent in retirement.
  • As many as two out of every three people don’t have more than $100K in savings for retirement.

Source: Retirement Industry Trust Association, “2022 Retirement Stats You Should Know,” http://ritaus.org/2022-retirement-stats-you-should-know

When Should you Start?
The answer is simple: as soon as you can. Ideally, you'd start saving in your 20s, when you first leave school and begin earning paychecks. That's because the sooner you begin saving, the more your money has the potential to grow. Any gains during the year have the potential to generate their own gains the next year - a powerful wealth-building concept known as compounding.
How Much Should you Save?
A rule of thumb is to save 10% - 15% of your income; however, it’s a good idea to establish a savings target - one that tells you roughly how much you should set aside over time towards meeting your goals. When determining how much you will need in retirement, be honest about how you want to live in retirement and how much it will cost.
Put Technology to Work for you!
Your employer-sponsored retirement savings plan is a great place to save for your retirement. Knowing the benefits and basics of your retirement plan can start you on a path to a confident future. Take advantage of the resources available online to jump start your savings!
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