Knowing how much retirement savings you’ll need starts with knowing what you spend to support your lifestyle today. Some of your 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.
Are you saving enough for the retirement you want? Our retirement calculator can help you track your progress. Use it to test a variety of scenarios and see where you stand today.
Contributing to an individual retirement account (IRA) can help you grow your savings at retirement strategically. Different types of IRAs provide unique tax, savings and income advantages for your retirement plans. We offer:
We make it easy. Whether you prefer investing on your own or want personal investment guidance, we have an option to fit your needs. And if you open an IRA before April 18, 2023, you may be able to take advantage of tax benefits.
Tax year 2022 contribution limits (you can contribute until April 18, 2023):
Already have an IRA with U.S. Bancorp Investments?
After you’ve maximized your IRAs, 401(k) account and other tax-advantaged investments, consider other investing options to build your retirement savings even further. We offer several ways for you to invest.
Saving for retirement involves more than setting aside funds for the future. When you roll over1 your previous employer’s 401(k) or 403(b) account, we can give you a clearer view of your current financial situation. We’ll work with you to create a comprehensive financial plan based on your retirement savings goals.
Choose the retirement investing approach that fits you best. Whether you want to invest online or prefer personal financial planning guidance offered by a Wealth Management Advisor from U.S. Bancorp Investments or a U.S. Bank Private Wealth Advisor, we have options to meet your needs.
Understanding your goals and making sense of your finances is just the starting point for your one-on-one personalized guidance. We’ll help you move forward with a tailored strategy to work toward the future you want.
For convenient automated investing at a low cost, consider Automated Investor. Or, if you want to build and manage your own portfolio, try self-directed investing. Either way, there’s an online investing option from U.S. Bancorp Investments that’s right for you.
Workplace retirement plans allow you to invest with ease while working toward financial security.
A look at what percentage of earnings to set aside and strategies to stay on track at different life stages.