Stay On Track

Take the right steps towards your savings goal.

Stay On Track

Take the right steps towards your savings goal.

You are rounding the corner to retirement, and as you get closer, there’s a lot to keep track of when it comes to your finances. The key in this phase is to define your goal and stick with it.

To know where you are going, you need to know where you are now. Understanding your current resources and financial needs can help you plan strategic steps in preparation for your transition to retirement.

Here are a few key steps to take as early as possible:

Check your Progress

Do you know if you are on track to retire well? It’s really a personal calculation based on several factors, including your income, age, risk tolerance, how much you’ve already saved and when you will tap retirement and Social Security benefits. Quickly determine your progress and see if you need to start saving more.

Complete a Retirement Checkup

Increase your Contributions

Once you’re 50, the IRS allows you to make catch-up contributions over and above the normal limits to your 401(k) or 403(b) plan. Have an IRA, too? You can contribute extra dollars there as well. (Keep in mind the annual limits vary!)

Start Now

Consider Consolidating

Consolidating your retirement savings accounts will help simplify your life by making it easier to monitor performance, develop an investment strategy and calculate your monthly retirement income.

Consolidate

Additional Resources

Prepared for Retirement?

Decisions to Make and Steps to Take

You’re quickly approaching retirement — but no need to panic! Your retirement planning know-how starts here.

Retirement Planner Calculator

Quickly determine if your retirement plan is on track - and learn how to keep it there.

Retirement Planning for People in their Mid-50s and 60s

Retirement is on the horizon, and it’s time to get serious about your plans. This article provides a few helpful things to consider as you prepare for this stage of life.

Need help with retirement planning?

Book Call with Advisor

Advisory services offered through GuideStone Advisors^®, a SEC Registered Investment Adviser. GuideStone Advisors is a controlled affiliate of GuideStone Financial Resources. For more information about the firm, products and services, please review the GuideStone Affiliate Form CRS.