Retirement Planning
Explore the benefits of Retirement Planning with Apple Bank.
Work one-on-one with a licensed Financial Consultant to build a customized plan designed for the retirement life you envision.
Optimize your investments and keep more of your money working toward your goals through smart, tax-efficient planning.
Enjoy peace of mind knowing we can help adjust your plan to keep you on track as your needs evolve and conditions change.
Apple Bank teamed up with Osaic Institutions to provide access to a full-range of tax-advantaged retirement plans.
Whether you are just starting out, mid-career or getting ready to retire, you can have access to solutions that help provide a path toward your retirement dreams.
A Traditional IRA offers tax-deferred growth on your money. Withdrawals made after retirement are taxed as income once you start taking distributions. Contributions may be fully or partially deductible when you file your taxes based on income. While annual contribution limits apply, there are no income restrictions for opening the account. You are required to withdraw a minimum amount each year beginning at age 73 but can start to withdraw without any IRS penalty at 59 ½.
With a Roth IRA, you can contribute after-tax dollars, and both your contributions and potential earnings grow tax-free. In retirement, withdrawals are tax- and penalty-free if you're 59½ or older and the account has been open for five years. There are no required minimum distributions, and heirs may be able to inherit the account with tax-free withdrawals.
Changing jobs? You can roll over an old 401(k) or other workplace retirement account into an IRA without paying taxes or penalties. An IRA rollover lets you consolidate multiple accounts - allowing for potential continued tax-deferred growth on your savings - while simplifying your retirement planning and avoiding early withdrawal fees or current taxes.
Simplified Employee Pension (SEP) plans offer a simple way for business owners to contribute to both employee and personal retirement savings with potential tax benefits. Keogh plans are designed for self-employed individuals and provide higher contribution limits, though they require more administration.
When saving for retirement, you have choices.
A balanced retirement portfolio may include a mix of products designed for your risk tolerance, tax strategy, and timing of when you expect to need the funds.
When saving for retirement, you have choices.
A balanced retirement portfolio may include a mix of products designed for your risk tolerance, tax strategy, and timing of when you expect to need the funds.
Investment Accounts through Osaic Institutions*
Mutual Funds, ETFs, Bonds, Fixed Income Funds and Equity Linked CDs help diversify a retirement portfolio, balancing growth potential with stability and income at different stages in your retirement planning.
Annuities through Osaic Institutions*
Annuities can provide guaranteed income1, tax benefits, protection against loss of principal, and potential death benefits for beneficiaries. They may also help diversify your retirement portfolio by helping to offset other, riskier investments.
Get personalized retirement planning services to help you prepare for the life you want to lead.
Osaic Institutions Financial Consultants take the time to listen, understand your unique situation, and provide clear answers to your questions. Osaic Institutions Financial Consultants have the experience to find the best solution for you. They are dedicated to making recommendations tailored to your needs.
Your plan is built around what matters most - your goals, needs, and the amount of risk you’re comfortable taking - so you can move forward with confidence.
Life happens and circumstances change. We’re here to help you adapt when they do. Whether it’s a major life event or a minor adjustment, we’ll help ensure your plan stays aligned with your goals, so you can keep making progress.
Ready to get started?
Meet a Financial Consultant at a branch near you.
Have questions? We're here to help.
Visit a branch or speak with a financial consultant.
Call: 800-426-8060
Retirement Planning FAQs
Answers to frequently asked questions.
There are various rules of thumb when it comes to this question, including the 80% rule. This rule states that 80% of your pre-retirement income is needed in order to sustain the same lifestyle after you retire. However, how much money do you need to retire ultimately depends on many factors. While this strategy can be great a starting point, it fails to consider the whole picture, such as:
- additional income sources (social security, pensions, part-time employment, investments, etc.)
- health and medical costs
- your desired retirement lifestyle
- other factors which are unique to you
Experienced Osaic Financial Consultants can help you determine a number that’s right for your income, your goals and your circumstances.
As you work toward retirement, you face complex decisions that will impact your future financial security. An Osaic Financial Consultant offers expert guidance and unbiased advice, to support you and lower the burden of these decisions. We can help you map out a plan to ensure you have the resources needed to support yourself and your loved ones during retirement. There are many benefits of working with an experienced Osaic Financial Consultant, some of these include:
- Peace of mind: Osaic Financial Consultants develop a relationship with you and understand your retirement strategy, which allows them to more effectively guide you through each phase of life as you approach and reach retirement. This provides reassurance that you will be able to support yourself over time.
- Objectivity: Retirement planning is very personal and aligned with your goals and dreams. It’s easy to get your feelings involved. An Osaic Financial Consultant provides clarity and a less emotional perspective, to ensure your retirement plan is strategic, sensible and achievable.
- Convenience: Life gets busy, and preparing for retirement requires time and expertise. An Osaic Financial Consultant helps ease the burden by guiding you through all the complexities associated with retirement planning. With the stress removed, you can focus on saving for, and enjoying, your retirement.
Start saving as soon as you can, the sooner you begin, the more time your money has to work for you, and the greater the power of compound interest.
However, if you got a late start, and are not currently on track to meet your retirement goals, it is not too late with the right plan. Your Osaic Financial Consultant can provide workable options to help you get on track to meet your goals and adjust your retirement saving strategy, if needed.
Broker Check | Learn more about Osaic Institutions and its registered financial consultants here at FINRA Broker Check.
*Investment and Insurance products and services are offered through OSAIC INSTITUTIONS, INC. (“Osaic”), Member FINRA/SIPC. Apple Bank has entered into an arrangement with Osaic to provide insurance, brokerage, and investment advisory services to customers. ABS Associates is a trade name and does not refer to a separate entity. Osaic is not affiliated with either entity. Products and services made available through Osaic are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
Any tax information provided on this website or by any of our Financial Consultants is general, intended for convenience only and may not apply to your situation. It is necessarily incomplete and does not constitute tax advice. Before relying on any such information, you should consult with your tax advisor. Neither Apple Bank, ABS Associates of New York, Inc., nor Osaic Institutions, Inc. make any warranties and are not responsible for your use of this information.
1 All guarantees are by the issuing insurance company and are subject to the claims paying ability of the insurance company.
| Not FDIC Insured | Not Guaranteed by the Bank |
| Not a Deposit | Not Insured by any Federal Government Agency |
| May Be Subject to Investment Risk | May Lose Value Including Loss of Principal |