How much should you save for retirement?
Knowing how much retirement savings you will need starts with knowing how much you spend to support your lifestyle today. Some expenses may go away by the time you retire, like the cost of raising kids. Others are likely to increase, like the cost of health care. Maximizing your retirement savings now may give you the best chance of living the retirement lifestyle you envision.
Tax-Advantaged Growth
Grow your retirement savings.
Contributing to an individual retirement account (IRA) can help you grow your savings strategically. These accounts offer different tax, savings, and income advantages for your retirement plans. We offer:
- Traditional IRAs
- Roth IRAs
- SEP IRAs
- U.S. Bank Heritage IRAs
Ready to open an IRA? We make it easy. Whether you prefer investing on your own or want personal investment guidance, we have an option to fit your needs.
Ways to work with us
Whether you prefer investing online, want personalized financial planning guidance – or want a little of both – we have options to meet your needs.
Online investing
For your retirement savings, whether you want a managed-for-you option, Automated Investor, or you prefer to build and manage your own portfolio through Self-directed brokerage we've got an online investing option for you from U.S. Bancorp Investments.
Personal guidance
Making sense of your current finances is our starting point for developing your retirement savings plan. We'll tailor your investment strategy to help you work toward your goals for the retirement lifestyle you envision.
Insights
What is an IRA?
This tax-advantaged investment tool is designed to help you save towards retirement.
4 benefits of an IRA
Look beyond your 401(k) or pension to maximize the power of your retirement savings.
How much should I save for retirement?
A look at what percentage of earnings to set aside and strategies to stay on track at different life stages.
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