Although we all imagine a life of leisure during our retirement years, there are a number of “what if’s” that could dramatically change that blissful picture:
- What if you’re still paying for a mortgage?
- What if Social Security is dramatically reduced or eliminated?
- What if you suffer a long-term illness?
If there’s one thing that will help you or your employees face the uncertainties of the future with greater confidence it’s a strategically designed and well-funded retirement plan. First Hawaiian Bank’s Wealth Advisors can help you start saving for retirement or enhance your existing retirement portfolio with individual and employer plans tailored to your situation. Call us at (808) 525-6280 or stop by any First Hawaiian Bank branch nearest you and ask to speak with a Wealth Advisor.
Your individual retirement plan should match your goals with your risk tolerance and a balanced blend of investment vehicles.
As your own employer, you have the sole responsibility of funding your retirement. You have several options as a self-employed individual, including two IRAs that enable you to provide retirement funds for your employees as well.
A good employer-sponsored retirement plan can give your company a competitive edge in recruiting and retaining top-performing employees.