With established homes, careers and financial reputations, Empty Nesters can plan ahead to protect everything they've worked for.
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Financial goals of empty nesters
Financial Goal: Nail down that retirement savings plan
Empty nesters still have time to save for retirement, and to get their savings under control.
- Rollover 401(k)s, IRAs and pensions into a Catholic United annuity that earns a competitive interest rate and can provide guaranteed income later in life.
- Gain the tax advantages of a traditional or Roth IRA (individual retirement annuity). Talk to your tax advisor first about your income tax status.
Financial Goal: Prepare for the costs of long term care
- Prepare for long term care costs by protecting assets in an estate plan. Catholic United offers free estate planning services and seminars that can potentially save you hundreds in legal fees.
- Catholic United can also offer our members long term care insurance through our LTC insurance partner. Your local Sales Representative can provide further details.
Financial Goal: Help our children
Are they moving back in? Do they need you to co-sign a loan? Do they just want some financial advice? Your children and grandchildren may be looking to you for help in order to survive today's economy.
Financial Goal: Protect savings from the stock market
The last few years have taught us that one significant drop in the stock market can require years of recovery. Empty nesters are getting off the stock market roller coaster and seeking safer financial vehicles.