An effective retirement strategy can help you plan how to spend and invest your savings so you’ll have a reliable cash flow and potential to generate additional income to help you enjoy the retirement years. Here are some key steps to consider:
Learn more about financial goal planning.
The IRS requires you to take RMDs from all of your tax-deferred retirement accounts when you reach a certain age. The Required minimum distribution is the minimum amount you must withdraw from your account each year. Learn more at investor.gov.
Social Security can provide you added financial protection while living in retirement. Eligibility begins at age 62, but you can decide when you want to start receiving your benefits. Know your Social Security benefits and your statements. Learn more at ssa.gov.
Medicare doesn’t start until age 65 and won’t cover everything. With Medicare or other healthcare insurance, you may be responsible for costs such as insurance premiums and out-of-pocket expenses your insurance doesn’t cover, like a deductible, copay or coinsurance.
If you retire before age 65, you’ll need to cover health care costs until Medicare kicks in. You may have the following health care coverage options:
We spend the time to get to know you. Our HSBC Financial Professionals2 will discuss your goals of living in retirement which often include:
Whatever is important to you while living in retirement, we’re here to support.
Begin to experience the benefits of working with us by scheduling a review with an HSBC Financial Professional.
Call 800.662.3343 or from outside the U.S. or Canada, please call 847.876.1574 to speak with an HSBC Financial Professional.
Monday through Friday 9am - 5pm ET
Speak to your Premier Relationship Manager to connect you with a Financial Professional.
Log on to access your Premier Relationship Manager’s details.
Investment, annuities, and variable life insurance products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life, and other types of insurance are offered by HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.
Investments, Annuity and Insurance Products:
ARE NOT A DEPOSIT OR OTHER OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES
ARE NOT FDIC INSURED
ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
ARE 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 consultation with your independent tax advisor.
Research backgrounds of brokers and firms for free by visiting FINRA's BrokerCheck website.
Environmental, Social and Governance (“ESG”) Customer Disclosure
At this time in the United States, there is no standard definition of, or measurement criteria for, environmental, social and governance (“ESG”) factors or impact. ESG-related measurement criteria is highly subjective and may vary significantly across and within different sectors. There is no guarantee that: (a) the nature of the ESG investment, or the ESG impact or measurement criteria of an investment, will be aligned with any particular investor’s ESG goals; (b) the stated or targeted ESG level will be achieved; or (c) an investment approach that considers ESG factors will produce returns similar to those that don’t, or that they won’t diverge from traditional market benchmarks.
HSBC Securities (USA) Inc. and HSBC Insurance Agency (USA) Inc. (collectively “HSBC”) may rely on metrics or measurement criteria devised and/or reported by third party providers or issuers. HSBC does not always conduct its own specific due diligence in relation to ESG metrics or measurement criteria.
ESG investing is an evolving area and new regulations may come into effect which may affect how an investment is categorized or labeled. An investment that is considered to fulfil ESG criteria today may not meet those criteria at some point in the future.
Please consider the investment’s specific ESG impact measurement criteria in the prospectus or other offering documents prior to investing.
United States persons (including U.S. citizens and residents) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts - including, for example, Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts ("FBAR")). U.S. persons should consult a tax adviser for more information.
1 HSBC refers to HSBC Bank USA, N.A., HSBC Securities (USA) Inc. and HSBC Insurance Agency (USA) Inc. HSBC Bank USA, N.A. provides banking products and services. HSBC Securities (USA) Inc. provides investment products and services and is an affiliate of HSBC Bank USA, N.A. HSBC Insurance Agency (USA) Inc. provides insurance products and services and is a wholly owned subsidiary of HSBC Bank USA, N.A.
2 Financial professional refers to Financial Consultants (FCs), Investment Counselors (ICs), and High Net Worth Relationship Managers (HNWRMs). All offer bank products through HSBC Bank (USA) N.A, investments, annuities, and variable life insurance products through HSBC Securities (USA) Inc. and traditional insurance products through HSBC Insurance Agency (USA) Inc.
