Planning for Retirement
Get the time you want to do what you want.
We know your career is just one part of your life. Eventually you want to retire, or at least have that option. Who wouldn’t want the freedom of waking up whenever they want? We want that for you. So we put together a toolbox to help if you’re just starting to save for the future, refining your retirement plan or seeing your finally-time-for-me-time right around the corner. Explore this Life Journey to see how Trilogy can go to work for you.
We can help with:
- A 401(k) plan and financial advisors to help make the most of your savings strategy
- Health care savings programs to help you pay for medical expenses during retirement
- Resources to help you make confident choices on Medicare and Social Security
We think our retirees are rock stars. It’s important we honor their dedication and all they’ve achieved.
But what matters more than that? Making sure we help our retirees plan so they can have the right financial resources.
If retirement is on your mind now, here’s what you should know:
Trilogy offers a choice of how to save for your retirement. Contributions to a 401(k) plan come directly out of your paycheck, so saving is simple. You can choose from a:
- Traditional 401(k): Contributions are withheld before taxes, lowering your taxable income now.
- Roth 401(k): Contributions are withheld after taxes, so withdrawals in retirement are tax-free.
We offer a match when you contribute to your retirement plan and you’re eligible for it right away. Company contributions vest 20% each year over five years of employment, at which time they are 100% yours to keep. See how this works.
Next steps
Contact Bank of America at 800-228-4015 to make or adjust your elections.
When you picture your dream retirement, do you think of road trips or beach vacations? Planning ahead for healthcare costs can help make sure your savings go toward the adventures you want.
In fact, some studies have shown the average 65-year-old may need $150,000 or more in after-tax savings just to cover health care.
Luckily, you can start stashing away tax-free dollars for the future in an HSA (Health Savings Account). So don’t panic. Get started here now.
We all want retirement to be smooth sailing (whether or not there’s any actual “sailing” involved).
Transitions Benefit Group can help you navigate the paperwork.
They’ll break down Social Security planning, Medicare options and all the other retirement prep you’ll need to know. And it’s all free to you and your family members.
- If you’re 50 or older, you may be eligible to make catch-up contributions to your 401(k) plan.
- When retirement is close, cash in any STARS or Lifestyle Spending Account rewards you’ve earned. Don’t leave money – or gift cards! – on the table.