Planning for retirement starts with thinking about your goals and determining what it will take to meet them. Key items to consider as you save for your retirement include: setting your savings goals, choosing your investments, using the tax advantages provided by your retirement plan, and tracking your progress towards your goals. The following resources will help you on your journey.
Common Questions About Your Retirement Plan, Answered
- What do you need to be able to retire comfortably?
- How do you know if you’re saving enough to reach your retirement goals?
- How much can you save each year?
These common questions and (seven more) included in this month’s newsletter.
Investor Profile Questionnaire
Are you investing your retirement savings appropriately for your risk tolerance and time horizon? Take our quick investor profile questionnaire to find out.
WELCOME TO THE BERGANKDV RETIREMENT RESOURCE PAGE
Below you’ll find articles, tools, and videos to equip you with the knowledge you need to make educated decisions around your retirement and your overall financial wellbeing. From starting a budget, to considering your options as you near retirement, our team is standing by to help arm you with the information you need.
1. Retirement Plan Basics
VIDEO: Saving for Retirement
In this video, we discuss how to set retirement savings goals and how you can use your workplace retirement plan to meet them. We cover all the basics of retirement planning, from getting started with your contributions to using the financial planning tools on your plan website to reach your goals.
VIDEO: Retirement Plan Tax Strategies
We discuss the tax advantages available through your retirement plan, and help you determine which tax advantages will benefit you most based on your current circumstances. We also examine how your retirement plan withdrawals will be taxed and demonstrate a strategy you can use when withdrawing your savings to lower your tax burden in retirement.
2. INVESTING 101
There are many investment vehicles available. Determining which investment options are appropriate for you is a critical component of your overall financial planning. Check out the resources below for additional insight into how to review, evaluate and diversify your investments to bring you closer to your financial goals.
VIDEO: Investing for Success
Choosing and managing the investments in your retirement plan can seem confusing, but it doesn’t have to be. In a few short minutes, we help clarify some fundamental concepts about investing, and show how you can use this information to invest your own retirement savings with confidence.
VIDEO: Keeping Market Volatility in Perspective
Stock markets are making headlines due to recent volatility from factors ranging from inflation to geopolitical risks. Although the news is concerning, it’s nothing we haven’t seen before in market history. In this on-demand webinar, our team assesses the current state of the market, compares it to previous historical market events, and shares how to account for volatility in your investment strategy.
3. financial wellness
Financial wellness is taking a holistic view of your entire financial picture. Savings, investments, debt, credit, and many other factors all play a role. Having a sound financial wellness plan with coordinating goals improve overall financial decision making, increased savings for emergencies, higher long-term retirement savings, and decreased financial stress. Explore the below resources to get started or get a refresher in any of the noted topics.
VIDEO: Creating Your Budget
In this video, you will learn how to create a budget. Budgeting is an important first step in your financial wellness plan because it allows you take a snapshot of your current finances and helps you to set your goals for the future.
VIDEO: Saving for the Future
Once you have made a budget and begun the process of paying down your debt, you are ready to start saving for the future. This is often the most rewarding part of your financial wellness plan because it allows you to get the things in life that you really want.
4. nearing retirement
Planning to retire in 10 years or less? Congratulations! Your hard work has gotten you to this moment. At this point in your journey, your overall financial planning is beginning to adjust. Explore the resources below to ensure you feel prepared, excited and ready for the next phase.
VIDEO: Retirement Income Strategies
You’ve been working and saving diligently all your life, and now it’s time to finally reap the rewards. This video helps you design your retirement income strategy, including considerations about your budget, possible sources of income, and investing during retirement.
VIDEO: Social Security and Medicare
Social Security and Medicare are the two most impactful federal programs for retirees. In this video, we provide valuable information about how each of these programs work, and how you can use them as an important part of your strategy for a successful retirement.
Customized Support and Resources
Our educational specialists are available to answer questions, provide guidance, and ensure you are comfortable with your retirement plan options. Schedule a complimentary 30 minute consultation to walk through your unique financial situation and goals. Consultations are available free of additional charge to participating employers and their employees.