SKIP TO SITE NAVIGATION | SWITCH TO GRAPHICAL VERSION

70s and Beyond - Manage Your Finances

[IMAGE: "70s and beyond"]Retirement. The time to do all the things you've put off—travel, spend more time with family, volunteer in your community, savor life. Retiring can change your mindset. Lifetime Retirement Planning with Wachovia is designed to help make your life in retirement all you want it to be.

Stay on Track

As you approach retirement, you have an important transition to make. Instead of earning a paycheck, you'll likely have to start paying yourself. In the early years of your retirement, it may be important to emphasize investments with strong growth potential. Later in retirement, it might be appropriate to shift some of your assets to more secure investments that pay income. Here are some steps you can take to help simplify the process.

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

Rollover IRA

Seek confirmation - discuss your strategy with a qualified adviser who can help make the process simpler and more convenient and help you avoid potential pitfalls.

Why Choose Wachovia for Retirement Planning?

Prepare for withdrawals - pay close attention to minimum distribution rules that require you to begin withdrawals from your retirement accounts when you reach age 70½.
Think about your legacy - consider a stretch IRA to extend the advantages of tax-deferred accumulation to your heirs.²

Protect your investments - consider taking steps to help protect your retirement assets and income.

Annuities

Prepare for business transition - if you are a small business owner, review business agreements and transfer plans.

Small Business - Plan for the Future

Insure for future needs - look into long-term care insurance, which can helpmeet expenses that would deplete your estate in the case of an extended illness.³

Long-Term Care Insurance

Monitor Your Plan

One of the keys to protecting retirement income 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.

Talk to Wachovia

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

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.

Financial Advisor Locations
Email

Email this article

Adobe Acrobat documents require Adobe Acrobat Reader. If you don't already have this software installed, you can download it for free from Adobe's Web site. Get Acrobat Reader now.

05/07 0407-52270

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 Stretch IRAs are designed for investors who will not need the money in the account for their own retirement. There is no guarantee that there will be assets remaining in the account at the time of the IRA owner's death.

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.

Access Accounts
Personal Finance Login

Apply Now
All Application Forms

Contact Us
Retirement Resource Center
(866) 588-9606
8:00am - 8:00pm ET
Monday - Friday

Related Products and Services
•Certificates of Deposit (CDs)
•Trust and Philanthropic Services
Related Links

•Retirement Readiness Assessment
•Retirement Fitness Quiz
•Retirement Reading Room

Personal Finance Customer Service

Personal Finance Contacts

Locations
Personal Finance FAQs
Site Map
Glossary
Search

Navigation

Personal Finance Section Navigation

Online Services
Lending
Retirement
- Lifetime Retirement Planning
  - In Your 20s - Start Thinking Ahead
  - In Your 30s - Build a Foundation
  - In Your 40s - Invest in your Future
  - In Your 50s - Get Ready
  - In Your 60s - Make the Transition
  - 70s and Beyond - Manage Your Finances (current)
- Why Choose Wachovia for Retirement Planning?
- I Want To...
- Accounts & Services
- Research & Tools
Banking
Investing
Insurance
Planning Guides
Personal Finance Customer Service

70s and Beyond - Manage Your Finances

Navigation

Personal Finance Section Navigation

Main Sections of the Site

Search