Retirement Planning

Managing your earnings beyond your career.

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Retirement planning is a term that refers to the allocation of financial resources towards retirement. In most case this simply means setting aside money or other similar assets for the purposes of collecting a living income once you’re past working age.  Getting ready to retire is a process that ideally starts as early as possible in one’s working career.  Allowing investments more time to earn for us is a sound way to build our portfolios.

Our professional services can help members design the right portfolio given their particular goals.  Retirement planning is no walk in the park, but with some work this planning can be done effectively and with success.

Smart planning will yield a comprehensive strategy for systematic and disciplined contributions to fund a retirement goal.

An example of financial planning after an investor has retired is the strategy to withdraw from taxable accounts first in order to let tax sheltered funds grow unimpeded for as long as they possibly can.  Retirement planning in its essence is an effort to get more mileage out of the money we have to invest, both on the way in and at withdrawal when we retire.

Choose the Retirement Account that’s best for you:

  • Traditional IRA – Traditional IRA investors can benefit from tax-deferred earning, based on income level.
  • Roth IRA – The major advantage of a Roth IRA is that you will be eligible for tax-free distributions on future qualified withdrawals.
  • Rollover IRA – This plan is typically a Traditional IRA that you can move money into from other retirement plans (an old 401(k), 403(b) or another IRA)
  • SEP IRA – This retirement plan offers a valuable investment opportunity for self-employed individuals and small business owners.
  • SIMPLE IRA – This retirement plan for small businesses can serve as a valuable retirement savings alternative to a traditional 401(k) plan.

This does not constitute tax advice.  Consult your tax advisor. There are fees, expenses, deferred taxes and penalties and withholding for early withdrawals associated with IRAs.


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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Bethpage Federal Credit Union and Bethpage Financial Group are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Bethpage Financial Group, and may also be employees of Bethpage Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Bethpage Federal Credit Union or Bethpage Financial Group. Securities and insurance offered through LPL or its affiliates are:

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