Save to Retire

Preparing for retirement can easily be pushed into the “someday” category, as we focus on present needs and expenses. In fact, very few Americans have a plan for retirement savings that is adequate for their desired standard of living after they retire. Today our focus is to encourage Americans to save today for tomorrow and discover just how much they need to save for their golden years.

No matter your age, saving for retirement requires having a plan outside of only contributing to your employer’s 401K plan. 

At Independent Bank, our Individual Retirement Accounts (IRAs) are backed by the FDIC (up to $250,000 per depositor) and may earn you tax credits. Consult your tax advisor for more information.

We also encourage you to create an account on www.socialsecurity.gov/myaccount to see what your current estimated monthly benefits will be at the age you retire, or call the Social Security Administration at 1-800-772-1213.

If saving for retirement is your current savings goal, be sure to take the America Saves Pledge and receive tips, reminders, and other resources to support you on your savings journey.

The America Saves #ImSavingFor Sweepstakes is still ongoing! Don’t miss out on your chance to win $750 in cash. Learn more here.