Session Expiration Warning
Individual Retirement Planning
The only way to know whether your retirement plan is working is to check your retirement savings progress early and often. But saving for retirement is just part of the big picture. Many life events and financial considerations affect decisions during each stage of your life and each phase of your retirement planning timeline. Here are common financial/retirement planning considerations for most people during the saving phase:
Job benefits, especially the retirement plan
Retirement savings, including taking advantage of employer matching, if available
Traditional IRA or Roth IRA, especially if your employer doesn't offer a retirement plan Life insurance
Life changes, such as getting married, buying a house or starting a family
Retirement savings, including maximizing your savings by taking advantage of employer matching if it's available
Rollover IRA or traditional IRA, depending on employment status and retirement program availability College savings accounts if you have children
Distribution options for your retirement account if you change jobs, whether it's a rollover, cash or combination of the two, and potential tax consequences Consequences of taking
early withdrawals from retirement savings Legal documents, including wills, living wills, estate plans and durable power of attorney
Retirement plans and retirement savings goals review
Retirement savings adequacy
College savings, including deciding if grants or scholarships will be needed
Aging parents' health care and long-term care insurance needs
Complete, accessible financial information, especially beneficiary designations
Retirement plan re-evaluation
Employer-sponsored retirement account consolidation
Sufficient savings for emergencies
Life-altering events, such as disability
Personal medical history and status
Local, state or federal tax law changes
This information is not intended as tax advice. Investors should consult a tax advisor.
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MAY LOSE VALUE
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All data provided by Invesco unless otherwise noted.
Invesco Distributors, Inc. is the US distributor for Invesco Ltd.'s retail products. It is a wholly owned, indirect subsidiary of Invesco Ltd.
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