Resource Center

Expert Insights header
  Creating change since 1868. Learn more. You earned it. We'll grow it. Busey Wealth Management.
Expert Insights

A Guide to Your Golden Years

Golden Years

Wisdom is often passed down from generation to generation, and we have a lot to learn from our parents and grandparents. After all, more than two-thirds of retirees wish they had done things differently during retirement planning, according to a study by Million Dollar Round Table. Here are seven tips from retirees:

Realize your dream. Do you want to spend your golden years traveling the world or help your grandchildren achieve their dreams of college? Whether retirement seems far off or right around the corner—a clear vision is the greatest motivator to prepare well.

Get educated. Retirees wish they educated themselves on options for retirement savings. Learn to manage your finances—from budgeting and asset allocations strategies to understanding retirement payout options and more. Talk to an advisor with Busey Wealth Management for expert advice.

Make a plan. Create a personalized retirement plan with your financial advisor and budget now. Your advisor can help set up accounts, explain payout options and help develop a budget to achieve those goals.

Contribute today. If you already save, keep going! If you don’t, start now. Take advantage of your employer’s contribution-matching benefits, if offered, and let compounding interest work in your favor.

Keep contributing—and don’t touch retirement savings. Instead of stopping payments or withdrawing from retirement savings when times get tough, find ways to trim your budget in other areas. If reducing contributions is absolutely necessary, avoid going below your employer’s match.

Monitor progress. As life changes, ensure your retirement plan changes with it. Create a mutual approach to retirement when you get married. Plan for children’s college expenses as soon as they’re born. No matter where life takes you, check in on short- and long-term retirement goals with a financial advisor at least once every five years—and more often the closer you get to retirement.

Turn your dreams into reality. Plan how you will spend the money you’ve saved over the years. Retirement is a marathon, not a sprint—make a plan today to ensure your dreams from all those years ago become a reality.

No matter your stage of life, retirement requires continuous preparation and maintenance for the decades ahead. Our experienced financial advisors are ready to create a personalized plan with you or review your current retirement goals. Contact us, call 1.800.67 | Busey or visit one of our many convenient locations today.

 

Back to Expert Insights

 

Investment Products and Services are:

Not FDIC Insured | May lose value | No bank guarantee

 

  • Rated 5-Star "Superior" by Bauer Financial
  • Busey Bank BBB Business Review
  • Certified Green Business by the Illinois Green Business Association
  • Norton Secured; powered by VeriSign
  • Website powered by Digital Insight
  • Surcharge-free access at any MoneyPass network ATM
  • Equal Housing Lender
  • Member FDIC

 

 

 

 

 

 

 

With five lines of business—personal, mortgage, commercial, cash management and wealth management—working together as One Busey, we can meet all your financial needs with confidence. Customers who partner with us are rewarded with the Busey Advantage—regional capabilities and local priorities. It's a commitment that has stood the test of time.

On the personal side, Busey Bank promises to make your banking hassle free with smart personal checking and savings accounts, convenient online banking and mobile banking solutions and consumer loans. Whether you are ready to buy your first home or simply want to refinance the one you currently own, our practical home mortgages, participation in a wide range of special loan programs and in-house mortgage expertise mean your home loan is tailored to your individual needs.

From opening your first business checking account or loan to creating a strong succession plan, Busey can help you manage your growing business. Our business banking, lending and cash management solutions give you the tools you need to keep your business successful and nimble. Our participation in a wide variety of specialized programs and in-house credit expertise allow us to tailor commercial lending packages to your unique situation and make faster credit decisions. Busey knows that cash flow is the lifeblood of a business—whether you need help with receivables, payables, liquidity, fraud protection or information reporting, we can customize your cash management solution to your growing business' needs.

You've earned it. We'll grow it. Busey Wealth Management provides asset management, investment and fiduciary services to individuals, businesses and foundations. We build a team of local professionals around your needs to establish the best strategy for your situation. We work closely with you to develop a personal, comprehensive plan that will help you meet your goals and objectives through each phase of the wealth management process.

Innovative Banking. Simplified.

It's your money, and you should be able to access your accounts whether you're out shopping or out of the country.

Busey makes it easy to securely manage your finances whenever you want, wherever you are.

Personal Banking Learn More »

First home. Or dream home.

There's no place like it.

Busey promises to find the home financing that's best for you - whether you're just starting out, tired of renting or purchasing your dream home.

Mortgage Learn More »

A top partner for your bottom line.

You've worked hard to realize your dream of opening a business.

Busey promises to partner with you so you don't have to handle difficult decisions alone.

Business Banking Learn More »

You earn it. We'll grow it.

After years of hard work, you want to see your efforts pay off - literally.

Busey promises to make your money work for you.

Wealth Management Learn More »

Our customers are our neighbors.

When it comes to navigating your unique financial journey, you want a partner who understands who you are, where you came from and where you are headed.

Busey promises expert advice to guide you through every important financial decision.

Resource Center Learn More »

Our roots run deep.

With roots that trace back more than 145 years, our professional farm managers are entrusted to care and maximize value for landowners controlling a combined 100,000+ acres of prime farmland in Illinois.

Ag Services Learn More »

A top partner for your bottom line.

You've worked hard to realize your dream of opening a business.

We'll build a relationship with you so you don't have to handle these difficult financial decisions alone.

 Learn More »

Your Dream. Our Promise.

You have big dreams.

Busey promises to help you realize those dreams.

The Busey Promise Learn More »

Fulfilling Dreams for 150 Years.

Join us as we celebrate our sesquicentennial.

busey150 Learn More »