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 Wealth Relationship Manager 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 Wealth Relationship Manager.
Call 800.662.3343 or from outside the U.S. or Canada, please call 847.876.1574 to speak with an HSBC Wealth Relationship Manager.
Monday through Friday 9am - 5pm ET
Speak to your Wealth Relationship Manager.
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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.
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All decisions regarding the tax implications of your investment(s) should be made in consultation with your independent tax advisor.
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Environmental, Social & Governance (“ESG”) and Sustainable Investing (“SI”)
HSBC Securities (USA) Inc. (“HSI”) does not provide recommendations or advice on any products based on ESG or SI considerations except in certain discretionary solutions or based on HSBC Group’s* policies. Customers can purchase ESG/SI related products on our platform on a self-directed basis. For our general ESG/SI disclosure, click Disclosures- HSBC. Information about HSBC Group’s approach to Sustainability can be found at Our climate strategy | HSBC Holdings plc.
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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.
