Retirement Planning

As there are various stages of life, there are various stages in the retirement planning process.

Starting out – on your mark…

It’s never too early. You’ve decided it’s time to start getting serious about retirement and you decide to make the financial commitment. What do you do first? That depends on your future goals and when you plan to retire. Give us a call. We’re here to help. 
When you are just starting out, we will help you consider:

  • When you would like to retire?
  • How much you will need for retirement?
  • What will your goals and lifestyle look like after retirement?
  • How will different savings options affect your bottom line?
  • What are the right investment options? Will you be able to change them if needed?
  • If you have a 401k, what do you do with it when you leave a company?

Do I have enough?

You put away a bit for retirement each month, which is a great start. Now you’re wondering if it’s going to be enough when the time comes. “Enough” when it comes to retirement is as individual as each client. Give us a call. As we get to know you, we’ll help you sort through the options right for you.
When you are deciding if enough is enough, we will help you consider:

  • What will your goals and lifestyle look like after retirement?
  • Could you increase the amount you set aside now, or do you plan to later?
  • If you invest more today, will it allow an earlier retirement?
  • An investment strategy you understand and are comfortable with.
  • What are your 401k contribution limits, and what will you do with your 401k if you leave the company?

I can see the finish line

You’ve always thought of retirement as saving for the future, but now it’s less than 10 years away. Your strategy was for the future, and now you need to start shifting to the present. What does that mean for you? What needs to change? Give us a call. We’ll go over your options.
When you are almost to retirement, we will help you consider:

  • Would you like to increase your saving strategy?
  • The possibilities of retiring earlier than expected
  • Are there any unexpected expenses in these last years, like college expenses or a child's wedding?
  • Are you going to sell any assets, like your current home, before or after retirement?
  • Would you like a lower risk investment strategy?
  • How have your 401k investment selections performed, and do you need to do anything with them in preparation of retirement?

Reaching the finish line – retirement is here!

Your retirement is here, and you’re ready to stop working. It’s so exciting, but what does it mean for your retirement investments? You’ve heard about tax deferred options? Do you keep mutual funds or go to annuities? Give us a call. We can help you through the options.
When you have made it to retirement, we will help you consider:

  • How much income you will need each year.
  • Are you afraid of outliving your retirement assets?
  • Do you plan to relocate or sell your home, and what’s the financial affect?
  • Will you have a large expense, like a child’s wedding, in a few years?
  • Do you know your tax saving options?
  • What do you do with your 401k when it’s time for retirement?

Securities are offered through Essex National Securities, LLC (ENSI), member FINRA•SIPC. Insurance products are offered through Essex National Insurance Agency, Inc. Neither are affiliated with Ballston Spa National Bank.

 


Not Guaranteed by the Bank Not FDIC Insured Not a Deposit
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At BSNB Financial Services, you will find a selection of products available through the most respected industry leaders. For more information, please contact:

Stephan Scribner, CFP®
Financial Consultant
BSNB Financial Services
(518) 363-8196

 

Mailing Address:
Ballston Spa National Bank
PO Box 70
Ballston Spa, NY 12020

       
Ballston Spa Office
87 Front Street
Ballston Spa, NY 12020
(518) 363-8150
Burnt Hills Office
770 Saratoga Road
Burnt Hills, NY 12027
(518) 399-8144

Clifton Park Office
256 Ushers Road
Clifton Park, NY 12065
(518) 877-6667

Corporate Branch Office
990 State Route 67
Ballston Spa, NY 12020
(518) 363-8199

Galway Office
5091 Sacandaga Road
Galway, NY 12074
(518) 882-1225
Greenfield Center Office
3060 Route 9N
Greenfield Center, NY 12833
(518) 893-2265
Malta Office
124 Dunning Street
Ballston Spa, NY 12020
(518) 899-2912

Milton Crest Office
344 Rowland Street
Ballston Spa, NY 12020
(518) 885-4346

Stillwater Office
428 Hudson Avenue
Mechanicville, NY 12118
(518) 664-3200
Wilton Office
625 Maple Avenue
Saratoga Springs, NY 12866
(518) 583-6608