Retirement resolutions

Finances

Every January many of us make resolutions. Saving for the retirement you hope for can be an important one. Here are steps you can take to help reach your financial goals as you plan for the next big chapter in your life.

Put your savings on autopilot.
"If you don’t have them made already, create automatic deductions from your paycheck into your retirement accounts," says Emily Guy Birken, author of Choose Your Retirement: Find the Right Path to Your New Adventure (Adams Media) in an interview conducted by Athene. “You want it so the choice is taken out of your hands,” she says. Otherwise, you’re likely to spend the money you had intended to put toward retirement. Birken also recommends increasing your retirement savings by 1 percent if you are able to. Want to really kick your retirement resolutions into high gear? Set those automatic contributions so that every three months they go up by another 1 percent. And if you’re expecting a bonus in the coming months, send that money straight into your 401(k). It’s the perfect time to max out your yearly contributions.

Think about what makes you happy.
“The New Year is a good time to reflect on what brought you satisfaction in the previous year,” says Birken. And when it comes to tightening your budget to free up cash for retirement savings, look first at the spending that brought you the most joy. “Then you can decide to cut out the activities that didn’t really make you happy in the first place,” says Birken. If the highlight of your week is dinner with your family or spending Sunday woodworking in the garage, keep your dining tab and hobby expenses in the budget. But if you loathe going to the gym or couldn’t care less about your garden, those are the costs that you can more easily cut back on. Carving out a place in your budget for the activities you love is important as you work toward your goals because it allows you to further explore what will bring you joy in retirement.

Make a date.
As you set your resolution this month, also be sure to make at least one appointment with your financial professional for three months from now. This way you can review the progress of your financial resolutions and see how close you are to reaching your overall retirement goals. And if you’ve gone offtrack, you still have plenty of time left in the year to correct your course.

This information is brought to you by Athene — where unconventional thinking brings innovative annuity solutions that can help make your retirement dreams a reality.

About Athene Careers Contact Us Individuals Professionals Institutions
Institutions
The institutional channel includes reinsurance and group annuity contracts related to pension risk transfers.
Reinsurance Pension Risk Transfer (PRT)
Investors
Privacy Legal

Annuities contain features, exclusions and limitations that vary by state. For a full explanation of an annuity, please refer to the Certificate of Disclosure or Prospectus (as applicable) and contact your financial professional or the company for costs and complete details.  This material is a general description intended for general public use. 

Annuity contracts and group annuity contracts are issued by Athene Annuity and Life Company (61689), West Des Moines, IA, and Athene Annuity & Life Assurance Company (61492), Wilmington, Delaware, in all states (except New York), and in D.C. and PR.  Annuity contracts and group annuity contracts are issued by Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY, in New York state.  Payment obligations and guarantees are subject to the financial strength and claims-paying ability of the issuing insurance company.  Insurance products may not be available in all states.  These companies are not undertaking to provide investment advice for any individual or in any individual situation, and therefore nothing in this should be read as investment advice. This material should not be interpreted as a recommendation by Athene Annuity and Life Company, Athene Annuity & Life Assurance Company, Athene Annuity & Life Assurance Company of New York, or Athene Securities, LLC.  Please reach out to your financial professional if you have any questions about insurance products and their features.

The term “financial professional” is not intended to imply engagement in an advisory business with compensation unrelated to sales. Financial professionals will be paid a commission on the sale of an annuity.

ANNUITIES ARE PRODUCTS OF THE INSURANCE INDUSTRY AND NOT GUARANTEED BY ANY BANK NOR INSURED BY FDIC OR NCUA/NCUSIF. MAY LOSE VALUE. NO BANK/CREDIT UNION GUARANTEE. NOT A DEPOSIT. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. MAY ONLY BE OFFERED BY A LICENSED INSURANCE AGENT.

Reinsurance contracts are entered into with Athene Annuity and Life Company (61689), West Des Moines, IA; Athene Annuity & Life Assurance Company (61492), Wilmington, Delaware; Athene Annuity & Life Assurance Company of New York (68039), Pearl River, NY; and Athene Life Re Ltd., Hamilton, Bermuda.  Not all reinsurance products or structures offered are available in all jurisdictions.  Reinsurers may not be licensed in all states.  All transactions are subject to meeting a reinsurer’s underwriting requirements.  Reinsurance products are not protected or guaranteed by state insurance guaranty associations or insolvency funds.