• Retirement Planning

    Invest now. Play later

  • When you envision your retirement, what do you see? Whether it’s world travel, relaxing with grandchildren or a second career that involves pursuing a life passion, you need a plan to get you there.

    The amount of money you need to save today to retire tomorrow depends in large part on your current age, your income, where you want to live and how much you want to live it up.

    If you’re in your 20s to 40s, we help you build your portfolio for the decades ahead. If you’re in your 50s and 60s, we help you devise a smart retirement transition strategy.

    You can count on us for assistance with a full range of financial products. 

    Traditional IRAs
    Tax-deferred earnings on contributions help savings grow more quickly.

    • Contribute up to $5,500 for 2013 and 2014
    • If you’re over 50, a catch-up provision allows an additional $1,000 annually
    • May be tax-deductible, depending on Adjusted Gross Income

    Roth IRAs
    Offer tax deferral on any earnings in your account. Withdrawals from the account may be tax-free, as long as they are considered qualified.

    • Contribute up to $5,500 for 2013 and 2014
    • Catch-up provision applies to Roth IRAs also
    • Funds are deposited after tax, but growth is tax-free
    • Since withdrawals are not reportable income, they won’t affect your Adjusted Gross Income during retirement
    • May convert Traditional IRA to a Roth IRA

    Limitations and restrictions may apply. Withdrawals prior to age 59½ may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Traditional IRA account owners should consider the tax ramifications, age and income restrictions before converting from a Traditional IRA to a Roth IRA. The converted amount is generally subject to income taxation.

    Rollover IRAs
    Preserve the tax-deferred status of an employer-sponsored retirement plan. 

    • Avoid any additional taxes or penalties
    • Allows continued growth potential of retirement assets and keeps money working hard

    Fixed and Variable Annuities
    Long-term investment tool designed for retirement purposes with potential for tax-deferred earnings. 

    • Guaranteed income stream
    • Various payout options: lump sum, income for life, or income for a certain period of time
    • Fixed rate annuities offer a fixed rate of return for a specified period of time 

    Withdrawals from fixed and variable annuities prior to age 59½ may be subject to 10% tax penalties and surrender charges may apply. Variable annuities are subject to market risk and may lose value. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company.

    Work with a Financial Advisor today who will help you prepare a retirement plan and discuss your particular risk tolerance level. 

    Contact us to find out more about working with our LPL Financial Advisors.

INVESTMENTS AND INSURANCE: Are not deposits • Are not FDIC insured • Are not guaranteed by the Bank • May go down in value • Are not insured by any Federal Government Agency  

Securities offered through LPL Financial, Member FINRA / SIPC. Insurance products are offered through LPL Financial or its licensed affiliates.  

First Niagara Bank, N.A. and First Niagara Investment Services are not registered broker/dealers nor are they affiliated with LPL Financial.  

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