Retirees
Maintain your lifestyle, and your wealth, through strategic financial planning.
After a successful career, you’re likely looking forward to retirement with a mix of both excitement and trepidation. This welcome transition can be daunting, especially when it comes to financial planning. Key Private Bank can help you prepare for a rewarding retirement, while mitigating financial risks – so you can live comfortably and also preserve some of your wealth for the next generation.
Understanding your needs
You’ve saved for this your whole life. Now that you’re retiring, you’ll get to enjoy more of the hard-earned fruits of your labor. But for how long? You need to ensure that you can maintain the lifestyle you desire, while also planning for the unexpected. Building a strategic financial plan is the best approach to making your wealth last.
Developing your plan
As you plan your retirement, these questions will help you stay focused on preparing a solid wealth management strategy.
- How will you plan to manage growing healthcare costs as you age?
- Do you understand Medicare, and are you aware of the deadlines associated with securing comprehensive health insurance?
- How long should I be planning for? What is my life expectancy?
- When should I claim Social Security?
- What are my income sources during retirement?
- How can I monitor my spending in retirement to avoid prematurely depleting my investments?
- What if I need extended nursing care that could deplete my assets?
- Is my investment portfolio allocated appropriately given my decreased capacity for risk and shorter time horizon?
- Have you accounted for inflation?
- Who will make medical and financial decisions for me if I become incapacitated?
- Now that my income sources are limited, how can I monitor my spending habits?
- Which types of accounts should I withdraw from first – taxable, tax-deferred or tax-free?
Working together for a solid financial future
Key Private Bank can help bring your retirement plan to fruition by helping to coordinate your cash flow needs with longevity risks, as well as balance your income and spending. Whether you need investment guidance, healthcare planning, an asset protection strategy, advice on charitable giving or help planning your estate; we’ll help you achieve your goals and objectives – so you can afford to retire comfortably.
Access Our Expertise and Insights
Browse our resources and articles below to learn more about the latest trends that could impact your
wealth management as a retiree.
Key Wealth, Key Private Bank, Key Family Wealth, KeyBank Institutional Advisors and Key Private Client are marketing names for KeyBank National Association (KeyBank) and certain affiliates, such as Key Investment Services LLC (KIS) and KeyCorp Insurance Agency USA Inc. (KIA).
Key Private Bank is the marketing name through which KeyBank National Association (KeyBank) provides a range of financial products and solutions.
KeyBank and its affiliates do not provide tax or legal advice. Individuals should consult their personal tax advisor or attorney before making any tax-related investment decisions.
Banking products and services are provided by KeyBank, Member FDIC. Trust and certain custody and investment management products are provided by KeyBank, a national bank with fiduciary powers. KeyBank is an Equal Housing Lender. All loans provided by KeyBank are subject to underwriting, credit, and collateral approval, in addition to origination or other transaction fees. Financing availability may vary by state. Restrictions may apply NMLS ID 399797.
Investing involves risk, including potential loss of principal amount invested. There is no guarantee that investment objectives will be achieved. Past performance does not guarantee future results. Asset allocation and diversification do not guarantee returns or protect against losses.
Investment products and services are:
NOT FDIC INSURED • NOT BANK GUARANTEED • MAY LOSE VALUE • NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL OR STATE GOVERNMENT AGENCY