Retirement Planning

How do you make what you've accumulated over your entire working life last for the rest of your life? This is a key question if you are thinking about retiring, nearing retirement, or already retired. Planning for retirement can be a difficult task, but with the help of a Wachovia Securities Financial Advisor, you can choose a plan and gain control as you strive toward your goals and intended objectives.

A Wachovia Securities Financial Advisor can help you prepare a formal plan for your retirement years, and look for ways to help make your money work for you. Our Lifetime Retirement Planning approach provides clear, helpful advice based on where you are in your life.

Action steps for retirees to consider include:

  1. Draw up a formal budget, including everything from the mortgage to weekly entertainment costs, to determine how your spending needs are likely to change with retirement.
  2. Calculate the value of all your retirement savings, including IRAs, company retirement plan funds, annuities, as well as Social Security, money from sales of assets, inheritance, etc.
  3. Compile a detailed inventory of assets and liabilities, and inform a relative or trusted friend of its location.
  4. Execute a living will to help ensure compliance with your health care wishes.
  5. Consider when you'd like to begin receiving Social Security benefits-electing to receive benefits early could result in a lower payout amount over time.

When retirement is several years away, it's easy to delay planning for it. But the earlier you start planning, the longer and more enjoyable your retirement may be. With the help of a Wachovia Securities Financial Advisor, you can evaluate your situation and develop a plan to generate income for your retirement years.

Individual Retirement Accounts (IRAs)
Individual Retirement Accounts (IRAs) provide you with tax-advantaged opportunities to save for your future.

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Wachovia Securities does not provide tax or legal advice. Be sure to consult with your own tax and legal advisors before taking any action that may have tax consequences.

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Wachovia Securities is the trade name used by three separate, registered broker-dealers and nonbank affiliates of Wachovia Corporation. Retail securities brokerage services offered through Wachovia Securities, LLC, Member NYSE/SIPC and Wachovia Securities Financial Network, LLC, Member FINRA/SIPC. Corporate and Investment Banking services offered through Wachovia Capital Markets, LLC, Member NYSE, FINRA, and SIPC. A.G. Edwards is a division of Wachovia Securities, Member SIPC.

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