Planning to make your funds last

As retirement approaches, you’ll look forward to having more free time. You’ll also be putting your retirement plan into action, transitioning from saving to managing and spending. 

Goals

We’re here to help match your retirement goals with a spending strategy. We start by analyzing plans you may already have, and offering advice for making adjustments based on your current resources and needs.

Factors to consider include: when you plan to retire, where you plan to live, and how you plan to spend your time.

Expenses

Once we know your goals, time frame, and plans, we can estimate your projected expenses. We can include items like establishing an emergency fund, ongoing health care, essential living expenses, and entertainment. After taking everything into consideration, we can make plans. 

Income

A retirement plan includes generating income from the assets in your retirement portfolio, and developing a strategy for withdrawing funds from various accounts in a way that maximizes your long-term income management. It may also potentially include reinvesting. 

Making Withdrawals

The goal is to have your savings last through retirement. Some accounts, such as traditional savings, offer complete freedom over the timing and amount of withdrawals. Others, especially tax-deferred accounts, have more restrictions, and some distributions may be reinvested to earn continuing income. We can help you choose the approach that best fits your budget and lifestyle.

Regular Checkups

Once you’re retired, we recommend regular “checkups” to ensure your plan is still meeting all of your needs. If your circumstances change, you may want to adjust your budget and strategy accordingly.

Getting Started

We’re here to help you work on your retirement plans, make informed choices and Retire Smarter. Call 315-735-8571 to talk about your options or make an appointment with one of our friendly and knowledgeable representatives today. Simply click on the button below, select “Advisory Services” from the menu and choose “Investment Services.”

Start Your Child Learning About Money

Play Banzai Junior

Banzai Junior is an interactive money game made especially for kids ages 8-12. Players simulate running a lemonade stand to make money and save for something they want. In this case, it’s a new bike or hoverboard. They practice making basic business decisions, paying expenses, borrowing money, and saving, sometimes without even realizing they’re doing it! To them it’s just a fun game. To you, they’re learning important money life skills. By playing the game and simulating the results of real-world decisions, they learn about how to spend and save properly, and set goals for themselves. 

To get started, you’ll simply need to sign in with an email, and create a unique password. Your child can go through as many times as they like. If they need to stop before they are finished, the program will allow them to jump right back in.

This is a fun way to share financial advice and lessons with your kids, and help them learn values to Live Smarter throughout their lives.

Kids can get started here:

Banzai Junior is part of our full Banzai Financial Education Program, consisting of FREE online financial literacy modules, providing education directly to our Members, to members of our community, and to local schools and teachers for use in their classrooms. They are all available online in self-paced, age-appropriate, fun and interactive modules. We believe that learning more about money management can help us all Live Smarter.
 

Learn About Managing Your Money, Borrowing, and Understanding Credit

Play Banzai Plus

Banzai Plus is an interactive financial management game specifically designed for young adults ages 18 and up. Players simulate the home-buying process by allocating their income over several paychecks to different budgeted needs, paying unexpected bills, saving for a mortgage down payment, and learning about credit scores.

You receive a lifelike credit score that responds to your decisions in the game, so you can understand the consequences or positive impact of your financial decisions on your credit score, and how that can impact your borrowing. This is a great place to simulate the experience before needing to do this with real money. The module allows you to try as many times as you like, making different choices and seeing how they affect your outcomes.

To get started, simply sign in with your email, and create a unique password. You can go through as many times as you like. If you need to stop before you are finished, the program will allow you to jump right back in.

We can all learn more about managing our money, and Banzai Plus is a great place to begin. Start on your path to making educated financial choices, and Live Smarter.

Get started here:

Banzai Plus is part of our full Banzai Financial Education Program, consisting of FREE online financial literacy modules, providing education directly to our Members, to members of our community, and to local schools and teachers for use in their classrooms. They are all available online in self-paced, age-appropriate, fun and interactive modules. We believe that learning more about money management can help us all Live Smarter.
 

Learn About Money and Making Financial Choices

Play Banzai Teen

Banzai Teen is an interactive money game specifically designed for teens ages 13-18. Players simulate saving for college with a full-time job, living on their own, and handling important everyday decisions for living expenses, transportation, utilities, and more. Your choices affect the outcomes, in a safe space to try “what-ifs” with your money decisions. You can try as many times as you want, and find different ways to make things work before encountering these choices in the real world. 

To get started, simply sign in with your email, and create a unique password. You can go through as many modules as many times as you like. If you need to stop before you are finished, the program will allow you to jump right back in.

Gain skills while learning some basics about managing money, to Live Smarter.

Get started here:

Banzai Teen is part of our full Banzai Financial Education Program, consisting of FREE online financial literacy modules, providing education directly to our Members, to members of our community, and to local schools and teachers for use in their classrooms. They are all available online in self-paced, age-appropriate, fun and interactive modules. We believe that learning more about money management can help us all Live Smarter.