At Latham, you won’t walk the road to retirement alone. We provide resources every step of the way, so you’ll be prepared when the time comes to retire. Not only do we offer retirement planning and investment advice services, as well as a variety of investment options and educational resources, we also provide resources to help direct you through the retirement process.
I’m thinking about retiring
Your Checklist
About 10 years before your retirement
Make a plan. Take some time to think about what you’d like to do in retirement and think about the assets you’ll need. It’s hard to know exactly how much you’ll need in retirement. Through Schwab, Morningstar and Ayco, there are many available resources including personal advisors and coaches who can help you set your goals and determine the best approach to reaching them. If you are age 50 or older, the IRS allows catch-up contributions to your 401(k) account.
Five years away from your retirement
Reassess. Review your accounts. Check with your financial advisor or personal financial coach to see if any adjustments need to be made. If you are age 50 or older, the IRS allows catch-up contributions to your 401(k) account.
About a year from your retirement
Although you’ve been tracking the balance of your 401(k) account(s), it’s time again to step back and take an audit of your finances to see if you’re closing in on your financial goals for retirement. Most recommendations will be to protect your assets with conservative investments.
After you’ve determined your retirement date
Check in with your financial advisor or personal coach to discuss your plans. Make any spending and/or saving changes. Keep in mind: You can leave your 401(k) account with Latham when you retire and receive your distributions according to your wishes.
Ready to take action?
Schwab
Is trustee and recordkeeper of the Latham 401(k) Plan. When you contact Schwab, you can get investment advice, check your account balance, change your investments, update your beneficiaries and access educational tools and resources.
Ayco
Provides financial planning services, including one-on-one online coaching and digital tools to help you manage your financial life and keep you on the right financial track. The services are free to you. Ayco is a subsidiary of Goldman Sachs, and all your interactions are confidential.
