Retirement isn’t about a number on a calendar—it’s about having the financial security to live the life you want. Whether you’re just starting to save or already approaching retirement age, the steps you take today can make a big difference tomorrow.

At United Roosevelt Savings Bank, we’re here to help you build a plan that feels achievable, realistic, and tailored to your goals. Here’s a step-by-step guide to get started.

Step 1: Picture Your Retirement Lifestyle

Before diving into numbers, start with a vision. Do you imagine traveling, downsizing, or staying close to home with family? Your lifestyle goals will guide how much you’ll need to save.

Step 2: Know Your Numbers

A common rule of thumb is to aim for 70–80% of your pre-retirement income to maintain your lifestyle. But every situation is unique. Use online retirement calculators or talk with a financial advisor to estimate what’s right for you.

Step 3: Build a Strong Savings Foundation

  • Start Early: The earlier you begin, the more time your money has to grow.
  • Stay Consistent: Aim to save 10–15% of your income each year.
  • Don’t Skip the Emergency Fund: This protects your retirement savings from being tapped during unexpected events.

Step 4: Explore Retirement Accounts

URSB offers flexible savings options to help you build your nest egg:

  • IRAs (Individual Retirement Accounts): Tax advantages designed for long-term growth.
  • Certificates of Deposit (CDs): Predictable returns that can be part of a safe, balanced portfolio.
  • Money Market Accounts: Flexible access with competitive returns.

Step 5: Maximize Employer Benefits

If you have access to a 401(k) or similar plan, contribute enough to get the full employer match. That’s essentially free money helping your retirement grow.

Step 6: Review and Adjust Regularly

Life changes—and your retirement plan should adapt along with it. Revisit your goals each year, especially if you experience major life events such as a job change, new home, or growing family.

Step 7: Protect What You’ve Built

Saving is only one part of the equation. Fraud protection, estate planning, and insurance are just as important to securing your future. At URSB, we combine modern security tools with personal, local service to help you protect what matters most.

Final Thoughts

You don’t have to do everything at once—but taking the first step today will get you closer to a confident tomorrow. Whether you’re in your 20s or nearing retirement, your future is worth planning for.

Ready to get started? Visit URSB.bank or stop by your Carteret branch to explore IRAs and other retirement savings options.

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