Questions to Ask When Saving for Retirement
Posted On: February 24, 2021 by First Option Bank in: Financial Wellness, General, News, Tips & Tricks
During America Saves week we're looking at tips on how to save for retirement.
Even if you're contributing to your 401K, TSP or IRA - have you asked yourself all the right questions to ensure you're saving ENOUGH for retirement?
What type of lifestyle do I want to live when I retire? Is what I'm contributing toward my retirement enough to support how I want to live in retirement? What is my complete retirement plan? Should I be saving enough for myself...
When to Collect Social Security Education
Posted On: December 22, 2020 by First Option Bank in: Financial Wellness, General, Tips & Tricks
Even if you have a great savings plan in place, Social Security can be an important source of future income. Take our short lesson to learn more about Social Security and how you might plan to use it to support your living expenses in retirement. We will explore:
The significance of Social Security to your retirement income
How the timing of collecting Social Security affects your benefits
Evaluating how much of your retirement expenses Social Security will cover
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