Protect Your Wealth and Start Paying Yourself
The freedom to live the retirement lifestyle of your choice with more time to spend with your friends and family can make your retirement years truly enjoyable. However, this is not the time to become complacent about your financial initiatives. Stay open to new ideas and opportunities to leverage your money, even if you are satisfied with your products and their performance.
Tips for Effective Financial Management
- Take advantage of senior discounts wherever you can, and don’t be shy in asking for them.
- Do not invest with someone you don't know. Scams targeted at retirees abound. Your investment opportunities should be carefully researched and verified by reputable professionals.
- Be informed. From your investments to your insurance you’ll want to audit your current portfolio and policies and make the necessary changes to reflect your needs and preferences as a retiree.
- Create a complete and detailed listing of your financial, investment, insurance and trust products and put a copy in your safe deposit box.
For help determining the best accounts and products for sound and productive money management during your Retirement Lifestage, please call us at (314) 428-1000 or contact us.
Here are some ways St. Johns Bank can help you fortify your financial position during your retirement years:
Conserve time and money with St. Johns Bank convenient checking accounts with online banking and bill pay and no-charge ATM services
Rent a safe deposit box
This a convenient place to store important items that would be difficult or impossible to replace. St. Johns Bank safe deposit boxes offer privacy and in most cases, greater security than keeping your valuables and important documents elsewhere.
Additionally, some insurance companies charge lower insurance premiums on valuables kept in a bank's safe deposit box instead of at home.