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RETIREMENT GUIDES It’s always the right time to plan for retirement

Wherever you are on your journey, we can help you prepare for what’s ahead.

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Starting out

 

Ready to get your retirement savings underway? Here are three easy ways to begin.

01 Consider starting with a 401(k)

If available, think about joining your employer’s retirement plan, like a 401(k).

02 Consider opening an IRA

Find out if you’re eligible for an individual retirement account (IRA) and think about contributing.

03 Put your money to work

Open a general investment account to potentially grow your savings even more.

Consider contributing to an employer-sponsored retirement plan

If you choose to invest in an employer-sponsored plan, like a 401(k), your account may:

  • Have higher contribution limits than other retirement accounts
  • Let you automatically contribute from your paycheck, and many employers match a certain percentage of your contributions
  • Come with potential tax advantages

What is an IRA?

An individual retirement account (IRA) is a tax-advantaged account that can help individuals plan and save for retirement. Two of the most common types of IRAs are:

Traditional IRA
Your contributions to this retirement account may be tax-deductible, but you will likely have to pay taxes when you withdraw your money.

Roth IRA
With this retirement account, you may be able to contribute after‑tax dollars. Plus, you don’t have to pay federal tax on qualified distributions.

Why choose an IRA?

The tax advantages of an IRA may make it a smart way to save for your future. Use this calculator to compare a Traditional and Roth IRA to a general investment account to see how your money can potentially grow over time. 

Where could you invest your additional cash?

When you’ve maxed out your tax-advantaged options, you can use a general investment account to invest more. Remember that these are taxable accounts and that your gains or income will be taxed.

Additional resources to help you navigate your retirement

Explore Wealth Plan

J.P. Morgan Wealth Plan® is our award-winning digital money coach that makes it easy to set and track your retirement goals and offers insights to guide you, every step of the way.

Explore Wealth Plan

J.P. Morgan Wealth Plan® is our award-winning digital money coach that makes it easy to set and track your retirement goals and offers insights to guide you, every step of the way.

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Tap into the latest news and subscribe for market commentary and analysis from J.P. Morgan specialists to help you plan your investment strategy for retirement.

Sharpen your knowledge

Tap into the latest news and subscribe for market commentary and analysis from J.P. Morgan specialists to help you plan your investment strategy for retirement.


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Work 1:1 with a J.P. Morgan advisor to receive tailored guidance and build a financial strategy based on what’s important to you.