Preparing for retirement

Published on Jul 01, 2021

Preparing for retirement


One of the most common and important questions a working person can ask is, “How will I know when I’ve saved enough money to retire, and when will that be?” and the team at Valley Trust hears it often. And there’s a good chance you’ve wondered the same thing — with good reason.

Being prepared can help overcome your anxiety

Anxiety about saving enough money for retirement is a common occurrence in this U.S.A recent study conducted by The Associated Press-NORC Center for Public Affairs Research found that 53% of working Americans feel anxious about the amount of money they’ve saved for retirement. In addition, it can be difficult to know how to optimize savings by making the most of corporate-sponsored retirement plans, such as a 401(k) or 503b, finding the best option for supplementing Social Security benefits with additional income and purchasing products such as long-term care insurance.

As you may already know, having a retirement plan and working with a financial advisor can help you address these concerns and eliminate finance-related anxiety. But you may not be aware that customers of Valley Trust have access to complimentary, comprehensive financial planning.

See how Kate and Justin planned for retirement

Married couple Kate and Justin spent years building a successful business in corrugated cardboard and packaging. They were thrilled once they sold it for $7 million. However, while they knew the ins-and-outs of their industry, they knew they needed guidance managing their newfound wealth beyond what their broker could provide.

Kate and Justin decided to work with Valley Trust, which provides objective oversight, advice and a more comprehensive approach to wealth management. The team at Valley created a customized portfolio and opened a securities-based line of credit to help them meet their short-term needs, including a remodel of their home. Kate and Justin are currently in the process of working with Valley Trust to review their insurance coverage and update their estate plan. Doing so has helped Kate and Justin pursue their passion for sailing without having to worry about the details of their investments.

Working with Valley Trust

Since 1927, Valley Trust has worked with individuals, their attorneys and advisors to manage customized portfolios that preserve and enhance wealth and provide for a coordinated transfer of wealth from generation to generation. Valley Trust offers knowledgeable, professional and customized service to clients with a minimum of $500,000 of investable assets. Our team of seasoned professionals offer personalized service and reasonable fees to clients who are likely to be underserved by larger institutions, and our investment offerings are transparent and conflict-free.