Retirement | Online Investing

Start planning for retirement today

Get closer to your retirement goals with three easy steps

Define your retirement goalsLinks to step one section of this page

Understand your optionsLinks to step two section of this page

Get startedLinks to step one section of this page

Define your retirement goals

Retirement looks different for everyone. Regardless of what retirement means to you, defining your objectives – what matters to you and what it might cost – helps fine-tune your planning priorities. No matter where you are in life, you can take steps toward a fulfilling future.

Start

Decade by decade guide to retirement planning

In your 20s

As you get started in your career, it’s not too early to start contributing to a 401(k) or other type of retirement account. Thanks to compounding, even small amounts can add up over time.

In your 30s

As life changes, so do your priorities. Whether you're thinking about marriage, kids, or buying a home, we can help make it easy to keep investing for your retirement. Consider “paying yourself first” and regularly contributing to your 401(k) or IRA.

Read more (PDF) about retirement in your 30s

In your 40s

Take a step back to review your progress and see if you’re on track to meet your goals. Review your changing goals annually and refine your portfolio as needed. Consider maxing out your 401(k) and IRA contributions so you don’t miss out on the potential for long-term growth.

Read more (PDF) about retirement in your 40s

In your 50s

Review your expected monthly retirement expenses to make sure you’ve set a realistic budget. Kids, life events and travel plans should be in your budget. Once you’ve had a chance to evaluate, review your portfolio and consider whether you need to make changes such as a more conservative allocation or making “catch-up” contributions.

Read more (PDF) about retirement in your 50s

In your 60s

Retirement is right around the corner. Whether you plan to stop working or just lighten your workload, it's time to make those last-minute decisions that will help ensure your plans go smoothly.

Read more (PDF) about retirement in your 60s

End

Retirement calculator

Knowing where you are today is the first step toward planning for the future. Try our Retirement Calculator to see how your current plan compares to your future goals.

Learn more

Understand your options

There are a number of ways to invest for retirement. Each has its pros and cons, but we can help you decide which is right for you.

Brokerage

Show content

What is a brokerage account?
A brokerage account is an account used to buy investments like stocks, bonds and mutual funds.

Why may a brokerage account be right for you?
If you want the flexibility to withdraw your money at any time without early-withdrawal penalties (but without the tax benefits of an IRA).

Who can contribute to a brokerage account?
You can contribute regardless of age and income.

How much can I contribute to a brokerage account?
There are no limits to how much you can contribute.

Are brokerage account contributions deductible?
No.

What is the deadline to make brokerage account contributions?
There are no deadlines.

Do I have to take required minimum distributions from a brokerage account?
No.

Are my brokerage account distributions taxable?
No, you don’t pay taxes when you withdraw your money. But, you pay taxes on gains when you sell, as well as on any interest and dividends that you receive.

With a brokerage account, are there early-withdrawal penalties?
No.

Traditional IRA

Show content

What is a traditional IRA?
A traditional IRA is a retirement account where your contributions may be tax-deductible , but you will likely have to pay taxes when you withdraw your money.

Why a traditional IRA may be right for you?
If you think your tax rate will be lower once you reach retirement.

Who can contribute to a traditional IRA?
You can contribute if you (or your spouse, if filing jointly) have taxable compensation.

Contributions can’t be made for the year in which you reach age 70^1⁄2 or for any later year.

How much can I contribute to a traditional IRA?
The IRS sets contribution limits for Roth IRAs and traditional IRAs. Learn more.

Are traditional IRA contributions deductible?
Contributions may be deductible, if you qualify.

What is the deadline to make traditional IRA contributions?
The deadline is your tax return filing deadline (not including extensions), typically April 15.

Do I have to take required minimum distributions from a traditional IRA?
You must take your first RMD no later than April 1 of the year after the year in which you turn 70^1⁄2. Each subsequent RMD is due each year by December 31.

As a result, if you attain age 70^1⁄2 this year and choose to delay taking this year’s RMD into next year, you must still satisfy your RMD for next year by December 31 (i.e., you will need to take two RMDs in one year).

Are my traditional IRA distributions taxable?
Any deductible contributions and earnings you withdraw, or that are distributed from your traditional IRA, are taxable.

With a traditional IRA, are there early-withdrawal penalties?
If you are under age 59^1⁄2, you may have to pay an additional 10% tax for early withdrawals unless you qualify for an exception.

Roth IRA

Show content

What is a Roth IRA?
A Roth IRA is a retirement account where you may be able to contribute after-tax dollars and you don’t have to pay federal tax on qualified distributions.

Why a Roth IRA may be right for you?
If you think your tax rate will be the same or higher once you reach retirement.

Who can contribute to a Roth IRA?
You can contribute at any age if you (or your spouse, if filing jointly) have taxable compensation and your modified adjusted gross income is below certain amounts.

How much can I contribute to a Roth IRA?
The IRS sets contribution limits for Roth IRAs and traditional IRAs. Learn more.

Are Roth IRA contributions deductible?
Contributions aren’t deductible.

What is the deadline to make Roth IRA contributions?
The deadline is your tax return filing deadline (not including extensions), typically April 15.

Do I have to take required minimum distributions from a Roth IRA?
Not if you are the original owner.

Are my Roth IRA distributions taxable?
Not if it’s a qualified distribution. Otherwise, part of the distribution or withdrawal may be taxable.

With a Roth IRA, are there early-withdrawal penalties?
If you are under age 59^1⁄2, you may have to pay an additional 10% tax for early withdrawals unless you qualify for an exception.

Get started

Ready to start investing? Explore how we can get you one step closer to the retirement you deserve.

J.P. Morgan Advisor

Want the help of a dedicated advisor to develop a personalized strategy? Your J.P. Morgan Advisor gets to know you, your family and your goals to help you develop a strategy tailored to your financial reality.

Learn more about J.P. Morgan Advisor

You Invest^SM by J.P. Morgan

Looking to create a portfolio you can monitor or manage yourself from your phone or computer? You Invest^SM by J.P. Morgan is a smart, low-cost way to stay invested in your financial goals.

Learn More about You Invest