Retirement can seem like a big mountain to climb when thinking about the amount that you will need to save for it. Some of the details that can go into determining that number include the age at which you retire, your plans for retirement, your life expectancy, and the rate of return on your investments. Todd Joslin, Trust and Wealth Management Officer, presents two easy methods for determining the amount you need to save for retirement.Learn more about determining the amount you need to save for retirement: How Much to Save for Retirement
If you are interested in learning more about Retirement Planning, visit us at HillsBank.com/WealthManagement.Some trust products and IRA contributions/balances are not a deposit, not FDIC insured by any federal government agency, not guaranteed by the bank, and may go down in value.
View the complete Retirement Series:
- Part 1 – How Much Should You Save for Retirement
- Part 2 – How to Determine Your Retirement Income Needs