Retirement New Lifestyle

Retirement New Lifestyle

As you near retirement, you anticipate positive changes in your life. 

Retirement presents us with new opportunities, but as options increase, so does the need to plan. 

The question is "Are you financially prepared to leave your career?"

What to do to be ready for retirement? Check out some of the issues you need to address and options to handle them. 


Retirement New Lifestyle

Thinking about retirement before it happens is important to help you anticipate and prepare both emotionally and financially for a big change in your life. How will you live your life? How will you occupy your time; what will your expense be each month; how much travel do you plan to do; what healthcare issues might exist? Answers to these questions help guide your future planning. 

Don't be complacent about your financial initiatives. Becoming debt free involves making well-planned, wise choices - and sometimes making tradeoffs - during the last years of your career. Use extra disposable monies to reduce your debt and make adjustments to your retirement plan. If possible, maximize funding into your 401(k) plan in order to retain the tax advantages available to you that come with saving for retirement.  

While planning can be painful, if you don't have a plan and goals in place, it can be difficult to feel confident about your financial future. Determine how much you will need to sustain your retirement lifestyle while you still have time to save and make it a reality. Work with a financial advisor who can help you identify your retirement dreams and then find ways to help work towards realizing your goals. Stay open to new ideas and opportunities to leverage your money, even if you are satisfied with your current products and their performance.

In recent years, people have redefined what "retirement" really means. Some choose to work part time or start a career in which they're really passionate about. If you aspire to have a part-time career, start laying the foundation now. Identify what you hope to do as well as the companies or organizations that might benefit most from your experience.


When determining your retirement expenses, consider the rising costs of health care, gasoline and travel (to name just a few) that you'll continue to consume in retirement. Remember to create some contingency plans to cover unforeseen expenses. You likely won't regret saving a little extra now for your retirement years rather than not having what you will need once you leave the workforce.

It may be a bumpy ride to retirement, but the surest way to feel confident about your future is to plan for it right now. 


Whether you are beginning to save for retirement or are ready to retire, Exchange Bank & Trust wants your retirement to be as golden as possible.

Contact us to discuss services available to you.

     Make a Service Plan

     Home Refinance

     Home Equity Loan

     Your Loan/Your Way

     Establishment of Online or Mobile Banking to access accounts regardless of location.