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

Learn about 401(k) vs IRA

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.

Open an IRA Learn more, about IRA

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.

Use the IRA calculator

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.

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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.

Learn about Wealth Plan

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.

Learn about Wealth Plan

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.

Read the latest

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.

Read the latest

On your way

Already saving for retirement? Here are three things you can do to check in on your progress.

01 Meet the match

Consider taking advantage of any match your employer offers and and maxing out your 401(k).

02 Explore your IRA options

If you haven't already, consider opening a Traditional or Roth individual retirement account (IRA) and reaching the annual IRA contribution limit.

03 Put your money to work

Open a general investment account and potentially grow your retirement savings.

Think about maximizing your contributions to your employer-sponsored 401(k)

If you've been saving in an employer-sponsored retirement plan, explore the advantages of an employer match, if offered, and work to contribute the maximum amount allowed.

Learn about 401(k) plans

Consider opening an IRA

If you’re earning a taxable income, consider opening a tax-advantaged IRA to boost your retirement savings.

Open an account, for IRA

Thinking about a rollover?

Explore rolling over your 401(k) from a former employer to a J.P. Morgan IRA.

Learn about rollovers

Is a Roth conversion right for you?

A Roth conversion involves moving the retirement assets in a Traditional IRA or 401(k) to a Roth IRA or Roth 401(k). Use our calculator to see the potential future value of your Traditional IRA compared to after it's been converted to a Roth IRA.

Use the calculator

Explore a general investment account

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.

Open an account, for general investment

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.

Learn about Wealth Plan

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.

Learn about Wealth Plan

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.

Read the latest

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.

Read the latest

Nearing retirement

Get ready for retirement by revisiting these saving and investing strategies.

01 Consider maxing out contributions

Make the most of tax advantaged investments and catch-up contributions.

02 Review your investment strategy

See if you’re on track to reach your goals with your current investment strategy and adjust it to meet your unique needs.

03 Review your beneficiaries

Make sure you know who may be designated to receive the benefits from your investment assets.

Are you aware of catch-up contributions?

Learn about contributing the maximum amount allowed each year on your workplace retirement plan and/or IRA. If you’re age 50 or older, you may be able to make catch-up contributions to your retirement accounts. That means you may have the opportunity to contribute additional amounts to your 401(k) and IRA.

Learn about 2024 contribution limits

Bulk up your emergency savings

It’s good to have at least 3 to 6 months’ worth of living expenses in liquid assets. As you near retirement, consider increasing your savings to meet potentially unexpected expenses and keep your money invested.

Learn about building an emergency fund

Reevaluate your investment mix

You may want to shift some of your portfolio to investments that carry less risk and produce more reliable income, such as bonds. Bonds are less susceptible than stocks to wide market swings and market risk, which helps you protect your retirement nest egg when you’re going to need it most.

Learn more, about social security benefit

Consider your Social Security strategy

Timing is an important factor in deciding when to claim your Social Security benefit. Before your full retirement age, you will likely get a reduced benefit amount, while delaying your claim can increase it.

Learn more, about revaluating investment mix

Can an annuity help?

Annuities are contracts between individuals and insurance companies that provide people with a steady stream of income in retirement. Use this calculator to estimate different annuity payouts and see how it can impact your retirement strategy.

Use the annuity calculator

Have you named a beneficiary?

A beneficiary may be designated to receive an IRA or employer-sponsored plan assets in the event of the account holder’s death. Make sure you’ve named your beneficiaries and that they're up to date.

Learn about assigning beneficiaries

Estate planning with J.P. Morgan

Drawing on J.P. Morgan’s deep expertise and advisory network, discover how well-managed estate planning can help secure your family's future legacy.

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In retirement

Make the most of your money in retirement. You've worked hard to save and invest, enjoy it!

01 Think about taking your RMDs

Prepare to take any required minimum distributions (RMDs).

02 Review your investment strategy

See if you’re on track to reach your goals with your current investment strategy and adjust it to meet your unique needs.

03 Choose your beneficiaries

Think about leaving a legacy to your loved ones.

Learn about required minimum distributions (RMDs)

The IRS requires that people with tax-deferred retirement accounts start taking required minimum distributions (RMDs) at a certain age—currently 73. Understand RMDs and when you’ll need to start making the withdrawals from your retirement accounts.

Learn about RMDs

Revisit your investment mix

Learn more, about social security benefit

Consider your Social Security strategy

Now that you’re in retirement, you can claim your Social Security benefit as early as age 62 or wait until you reach your full retirement age. Consider what you’ll do with your monthly earnings to make the most out of your retirement income.

Learn more, about maximum social security benefit

Have you named a beneficiary?

Learn about assigning beneficiaries

Estate planning with J.P. Morgan

Drawing on J.P. Morgan’s deep expertise and advisory network, discover how well-managed estate planning can help secure your family's future legacy.

Learn more, about estate planning

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Learn about Self-Directed Investing

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Invest with our advisors

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.

Connect now, to Invest with our advisors

Learn about advisor services

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