Martha's Vineyard Savings Bank

Retirement Services
Everything changes the day you retire. That's when you have to turn your savings into a sustainable retirement income stream. The best time to start that process is before you need the money because how and where you save will have a direct impact on how you tap into those assets when you need them.

Retirement Planning
You've worked hard during your career. Soon you'll be able to retire and begin a new, rewarding phase of your life. Before you reach retirement, think about how you want to spend your time, what you want to accomplish, and how your finances will be affected. While you're planning, ask yourself the following questions:

  • Where will I/we live?
  • How will I spend my time?
  • When should I start drawing Social Security?
  • What about health insurance?
  • Is my retirement income in order?


Our team of professional advisors can discuss your plans for retirement with you in more detail and help you determine which options best suit your circumstances.

Retirement Income & Investing During Retirement
The transition from working and receiving a salary to being retired and living on your savings - and any other retirement income you may have - is a major one. It is likely to be the biggest financial adjustment you'll face. How you manage your retirement assets may be a key factor in determining the lifestyle you're able to enjoy.

A combination of prudent planning and wise investment and tax strategies can help you successfully mange your retirement income - and ensure that your retirement goals will be met.

Investing during your retirement years is different than investing for retirement. In retirement, your investment priority may shift from asset growth to income production. Losses are a greater concern because you no longer have earned income you can save to help make up those losses. And you have less time for your investments to recover from market downturns. So you need to take a different approach to investing than you did during your working days.

We can help you assess your risk tolerance and review your asset allocation to help make sure your retirement portfolio is right for you.

For more information on any of these investment services, please contact the Financial Group at
1-508-693-8850.

 

These products and services are not FDIC insured, and are not deposits or obligations of nor guaranteed by the Martha's Vineyard Financial Group or Martha's Vineyard Savings Bank.  These products are subject to investment risk, including possible loss of value.

 

Products and services made available through Martha's Vineyard Financial Group 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.