Steps to plan for retirement

Envision your retirement

What does your future look like. Think about how you want to spend your time, where you want to live and what big goals you might have.

Save more

Even small adjustments can make a big difference in your future income in retirement. Here's a few considerations:

Start today. The earlier you start the more your savings may grow over time thanks to the power of compounding. Learn more about how this works to help improve your financial outcome.

Maximize your match. If your employer offers matching contributions, be sure you are saving enough to take advantage of this great benefit.

Save more. Think about ways you can trim your spending to find additional dollars to save. Create a budget to help you get started.

Where to save

Make sure you understand the different types of saving options available.

Pre-tax accounts means you are saving before taxes are taken out, and you will pay taxes when you withdraw the money in retirement.

Roth accounts means you are saving money after taxes are taken out and you will not pay taxes when you withdraw the money in retirement.

Health Savings Accounts (HSA) can help you save for medical expenses now and in retirement. Healthcare can be one of the biggest expenses you face in retirement, so it's important to start planning now. If you currently have a high deductible health plan, you can contribute to a Health Savings Account (HSA) for current and future healthcare needs.


It's important to know how your money is invested so that it aligns with your goals and comfort level with risk. Asset allocation is the types of investments in your portfolio – such as stocks, bonds and cash – and how you invest in each.


Make sure to check back over time to make sure you are on track. myOrangeMoney can help, especially as your goals and circumstances change. Saving for your future takes time, but you are worth it!

IMPORTANT: The illustrations or other information generated by the calculators are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. This information does not serve, either directly or indirectly, as legal, financial or tax advice and you should always consult a qualified professional legal, financial and/or tax advisor when making decisions related to your individual tax situation.