Planning for your retirement
What kind of lifestyle can you look forward to?
The way you want to live tomorrow depends on the planning and investing you do now. There are a number of factors to consider, given today's realities. According to the Social Security Administration, Social Security will only provide approximately 40% of the income you'll need for a comfortable retirement. Many companies no longer offer pension plans, and those that do may have greatly reduced benefits. In addition, increasingly expensive health care costs and longer life expectancies can cut into your income at retirement.
To help you have the income you'll need to enjoy life later, it's essential to have a plan in place. HSBC's 2011 Future of Retirement study - a one-of-a-kind survey across more than 17,000 participants from around the globe - uncovers the importance of retirement planning in today's economic climate. The study also explores the "planning premium" – the 'hard' and 'soft' benefits people enjoy for proactively planning. Click here to read the report. HSBC Securities Financial Advisors have the experience, knowledge, and access to unique global insights, such as these, to assist you in developing a financial strategy that can help you reach your retirement goals.
An Individual Retirement Account (IRA) can be a good way to save long-term for retirement while providing you with certain tax advantages. To choose the IRA that best fits your financial goals and situation, click the options below:
|Traditional IRAs||Save for retirement with tax-deferred earnings and the potential for tax deductible contributions.|
|Roth IRAs||Your contributions are not tax-deductible however, your earnings grow tax-deferred and withdrawals can be made tax-free. Unlike a traditional IRA, you don't have to make annual withdrawals at a certain age. A Roth IRA could be the right choice for you if you expect to be in a higher tax bracket in the future.|
||Use this useful chart to help determine which IRA is most appropriate for you.|
If you seek guidance, an HSBC Securities Financial Advisor is always available to help you prepare and implement a personalized retirement plan, adjust it as your needs and lifestyle change, and continue to review your account after you retire. If you're a business owner, we can also help establish a 401(k) Plan or suggest other retirement plan options for you and your employees.
How much do you need to save for retirement?
An HSBC Securities Financial Advisor can help determine the amount that may be appropriate for you. Call 1-800-662-3343 or visit your local HSBC branch. With offices in over 85 countries and territories, HSBC puts our worldwide financial knowledge, local expertise and unmatched resources to work on your behalf.
Contact Us for more information about setting up a new retirement plan or changing an existing one.
Securities and Annuity products are provided by Registered Representatives and Insurance Agents of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, a registered Futures Commission Merchant, a wholly-owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly-owned subsidiary of HSBC Holdings plc. In California, HSBC Securities (USA) Inc., conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. Insurance products are offered through Insurance Agents of HSBC Insurance Agency (USA) Inc., a wholly-owned subsidiary of HSBC Bank USA, N.A., and an indirectly wholly-owned subsidiary of HSBC Holdings plc. Products and services may vary by state and are not available in all states. California license #: OD36843.
Securities, Annuity and Insurance Products are:
NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES
MAY LOSE VALUE
All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.
HSBC Securities (USA) Inc. or any other member of the HSBC Group may from time to time underwrite, perform or seek to perform investment banking services for issuers or make a market or otherwise buy or sell as principal securities or other instruments, or together with the issuers directors, officers and employees may have either a long or short position in securities, commodities, currencies or other instruments or futures or options contracts convertible into securities or other instruments.