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In Your 50s - Get Ready

[IMAGE: "In your 40s"]Your 50s may be some of your best and most satisfying years yet. These are perhaps your peak earning years, with career achievements—and family milestones like graduations and weddings—to celebrate. Lifetime Retirement Planning with Wachovia can help you enjoy the unique possibilities your life offers today, and is intended help make your life in retirement all you want it to be when you get there.

Stay on Track

As you enter your peak earning years, you may also find yourself with fewer expenses. For example, your children may graduate from college, leaving you with "extra" cash. Start thinking about strategies to help transform that cash into a reliable retirement income. There's a lot you can do to keep everything on the right track.

Consolidate your retirement plans -consider rolling all your tax-deferred retirement plans and accounts into one rollover IRA to help simplify your financial situation¹

Save more - try to boost your savings rate to 20% or more.

Catch up on your IRA - once you are over 50, you qualify to make additional catch-up contributions to your retirement plan.

IRA Comparison Chart

Allocate your assets - as you near retirement, consider gradually shifting your asset allocation to help reduce risk.²

Protect your investment - consider taking steps to help protect your retirement assets and future retirement income with an annuity.

Plan for loved ones - life insurance can help replace pension or Social Security income in the event you outlive your partner or spouse.³

Monitor Your Plan

One of the keys to investing for retirement is developing a plan that makes sense for you, and then monitoring your progress along the way. Wachovia can help you determine where you are, identify your retirement income needs, keep you informed about the choices available to you, and work with you to make any necessary adjustments. Our Free Retirement Consultation can help you see if you're on track or if there is a potential gap in meeting your retirement needs

Talk to Wachovia

At Wachovia, we can help you make adjustments to your current savings and investment plan so it better aligns with your retirement vision. As your investing needs become more complex, a Wachovia Securities Financial Advisor can talk to you about appropriate investment strategies and types of investments.

For a Free Retirement Consultation, contact a Wachovia Financial Center to schedule an appointment with one of our Financial Specialists⁴ or call the Retirement Resource Center at (866) 588-9606, Monday through Friday, 8:00am to 8:00pm ET.

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¹ Withdrawals are subject to ordinary income tax and may be subject to a federal 10% penalty if taken prior to age 59 ½.

² Asset allocation cannot eliminate the risk of fluctuating prices and uncertain returns.

³ Insurance products are offered through nonbank insurance agency affiliates of Wachovia and are underwritten by unaffiliated insurance companies.

⁴ Licensed Financial Specialists (LFS) are registered with Wachovia Securities. These associates are Wachovia Bank, N.A. employees and are not employed by Wachovia Securities. Investment products and services are offered through the Investment Services Group of Wachovia Securities.

Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency; May Lose Value; Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate Wachovia and Wachovia Securities are not legal or tax advisors. Be sure to consult with your own tax or legal advisors before taking any action that may have tax consequences.

Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, Member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, Member FINRA /SIPC.

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