Retirement Planning

#1 Planning Question: Will I Have Enough to Retire?

Most investors don't have an answer to this critical question. Add increased life expectancies and potential future tax increases, and this question begins to take on even more weight and complexity. That's why, when it comes to retirement planning, it's never too soon - or too late - to begin.

Taking the first steps

There are many ways to begin planning for your retirement. Contributing to your employer's 401(k) plan, or establishing an IRA or a Roth IRA are a good ways to start.

Consolidating existing accounts into a single rollover account, or even housing them at a single institution such as City National, is one smart next step that can help you more efficiently manage your progress, performance and retirement income.

But once you've established the basics, it may be time to begin working with a planner to develop a comprehensive retirement plan.

An essential planning component

A formal plan helps you find out where you stand financially today, and whether you're on track to reach your long-term retirement goals. A plan will not only help you establish a savings strategy, but also address the more complex questions of your legacy such as "When I'm ready to retire, what's the best way to transfer my business to my children?" or "How can I also fulfill my philanthropic ambitions."

At City National, our planning group follows a disciplined, 6-step process designed to smooth your path to retirement planning. We begin with a thorough analysis of your goals and current situation; provide objective recommendations to secure the retirement you want; and help you implement and monitor a plan that evolves to meet your changing needs.

We are dedicated to helping you develop tailored, flexible strategies that help you retire when and how you want to - while maintaining your well-deserved legacy.

Getting Started

To learn more, call us at (800) 773-7100, Monday through Thursday, 6:00 a.m. to 5:30 p.m., and Friday, 6:00 a.m. to 6:00 p.m. (PT). You can also contact us online or visit one of our local City National locations.

Investment and Insurance products:
  • Are Not insured by the FDIC or any other federal government agency
  • Are Not deposits of or guaranteed by a Bank or any Bank Affiliate
  • May Lose Value

City National, as a matter of policy, does not give tax, accounting, regulatory or legal advice. The effectiveness of the strategies presented in this document will depend on the unique characteristics of your situation and on a number of complex factors. Rules in the areas of law, tax and accounting are subject to change and open to varying interpretations. The strategies presented in this document were not intended to be used, and cannot be used for the purpose of avoiding any tax penalties that may be imposed. The strategies were not written to support the promotion or marketing to another person any transaction or matter addressed. Before implementation, you should consult with your other advisors on the tax, accounting and legal implications of the proposed strategies based on your particular circumstances.