RETIREMENT

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.

Here are some ways KS Bank can help you fortify your financial position during your retirement years:

As you enter your 60s, fine-tune your projections and your asset allocations. If you retire before age 65, be sure you have medical insurance to cover you until you are eligible for Medicare.

KS Bank can help you in your pre-retirement Life Stage to re-allocate your assets, increase IRA contributions or set up an annuity. Please contact our financial advisors for more information.

Here are other ways pre-retirees can enhance their financial position at KS Bank, Inc.   

1. Conserve time, money, and paper with KS Bank convenient Checking Accounts with free online banking and bill pay

Start your online banking and bill pay when you open your KS Bank Checking Account.  You'll reduce the time it takes to pay your bills and save on the expense of printed paper checks and postage while helping the environment as well.

Free KS Bank ATM services and no charge cash withdrawals at all CashPoints ATMs for KS Bank customers.       

Classic Checking

Premier Checking

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2. Have your social security benefits or other federal benefit payments direct deposited into your account

If you still receive a paper check for your Social Security or other federal benefit payments, you are out of compliance with the law. The Treasury Department requires federal benefit payments to be made electronically. To sign up for direct deposits go to http://www.godirect.org/

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3. Leave a legacy with a trust

KS Trust is intended for many people at many levels, and we can help you create the legacy you want and administer your assets according to your wishes. Ask a KS Bank representative how to get started today!   

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4. Relieve your family from making difficult decisions

Set up a pre-need account with KS Bank today and relieve your family of making difficult decisions in the future.   

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5. Rent a safe deposit box

This is a convenient place to store important items that would be difficult or impossible to replace. KS Bank safe deposit boxes offer privacy and, in most cases, greater security than keeping your valuables and important documents elsewhere.

   

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TIPS FOR EFFECTIVE 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 Life Stage, please contact us at 1-888-KSBANK or email us at info@ksbankinc.com.