Have you given any thought to your retirement lately? While it may seem like retirement is something you think about late in your career, it’s actually wise to start as early as possible. That way you can take full advantage of your opportunities and adjust investments to match your risk tolerance. Each stage of your career represents a unique period in your retirement process.
Phases of Retirement Process
Key Private Bank has divided these stages into four phases, each with its own special considerations. We can guide you through these phases and make sure you’re asking the right questions to keep you on track – so you can retire on your terms.
Phase 1: Accumulation
Ten or more years left before retirement? Asset accumulation should be your principal goal. Together, we’ll review your investment strategy, establish your objectives and assess other wealth issues to prioritize your retirement needs. As life events occur, we’ll help you adjust to stay on the path.
Phase 2: Pre-Retirement
Looking at 3-10 years before you can retire? Now’s a crucial time to plan. Your earnings may be increasing substantially, and you’ll likely have a more accurate picture of personal and family needs. Your Key Private Bank team will monitor your plan closely and fine-tune based on needed adjustments.
Phase 3: At Retirement
Are you 1-2 years away from retiring? You’ll need to start identifying specific needs, like inheritance, and any unforeseen needs, such as health issues. We’ll guide you through this often emotional stage, and make sure your careful planning is rewarded.
Phase 4: During Retirement
Congratulations! You’ve made the leap into retirement – but financial planning doesn’t stop there. Key Private Bank will help you identify the most strategic assets to draw your income from. And we will remain your partner, helping you balance that income and spending to ensure you’re living the life you’ve imagined.
Key Private Bank Services & Solutions
We’re here for you, every step of the way. Key Private Bank can help set up the retirement plan you envision – and we’ll stick by your side to keep you on course. Here are some of the retirement services and solutions we provide:
- Investment Planning and Review
- Cash Flow Analysis
- Qualified Plan/IRA Review
- Retirement Savings Planning, including Social Security Analysis
- Deferred Compensation Planning
- Retirement Distribution Planning
- Risk Management and Asset Protection Strategies, including Life Insurance Review*
- Income Tax and Estate Tax Reduction Strategies
- Trust and Estate Planning
- Charitable Giving/Legacy Planning
Create the retirement you envision. To get started, find a Financial Professional at a Key Private Bank office near you.
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.
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Insurance products offered through KIA are underwritten by and the obligation of insurance companies that are not affiliated with KeyBank. When you buy insurance, you are dealing with a licensed agency, not KeyBank. Before purchasing an insurance policy, you should compare information obtained from more than two agents. You have the right to obtain insurance from the agent or insurer of your choice and your decision will not in any way affect KeyBank’s credit decision. KIA, KIS and KeyBank are separate entities, and when you buy or sell insurance products and/or securities you are doing business with KIA and/or KIS, and not KeyBank. Services provided by KeyBank, KIS and/or KIA should not be used in substitution for independent and personal tax advice. KeyBank, KIS and/or KIA do not provide legal advice. Individuals should consult their personal tax and/or legal advisor concerning their particular situation.
Wealth Protection Strategists are not fiduciaries, as such, they are compensated based on insurance product sales.
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