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Projecting a Happy Retirement

You have a vision for your retirement; are you prepared to make it a reality? According to the U.S. Government Accountability Office, the average American is underprepared—41% of households headed by someone aged 55-64 have no retirement savings.

How can you transition into a happy retirement even if your savings fall short of your goals? The experts at Busey recommend creating a realistic picture of your retirement, based on your resources and expenses.

1) Estimate your income. Use Busey’s financial calculators on busey.com to guide you through the process.

2) Project your retirement expenses—including food, clothing, housing and healthcare costs. If you still have an outstanding balance on your mortgage and other debt, include those as well. Plus, factor in a reserve for medical expenses.

3) Consider additional income sources. Plan how you will disburse any savings throughout your retirement, and calculate your Social Security income. The longer you wait to claim your benefits, the higher your monthly benefit will be. Estimate any pensions as well.

Prepare for retirement with several savings options—including an Individual Retirement Account (IRA) and employee benefit plans like 401(k)s, profit sharing and Employee Stock Ownership Plans (ESOPs).

Busey Wealth Management can help ensure you’re on track to retire. Complete a Retirement Assessment in the Resource Center on busey.com and meet with a Busey Wealth Management professional to review your financial picture. Their experienced team will help create a plan designed to achieve your financial goals. BANK BY APPOINTMENT on busey.com.

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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.

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