5 Things to do

when planning for retirement

No matter how far away it is, one thing is for sure — retirement planning can seem daunting.
Here are 5 simple things you can do now to make both the planning and saving process a little less intimidating and a lot more rewarding.

Saving Now

When it comes to retirement savings, this is perhaps the most important factor to consider. Regardless of your age, it's never too late to save for retirement. Still, the sooner you start to save, the better off you'll be. Beginning to save for retirement at 30 years old vs. 40 years old can have a big impact on your overall savings.

It's Never Too Late to Start Saving for Retirement.

Discover the power of compounding interest1

  • Estimate how much you could be saving with our Retirement Planning Calculator.

  • Use our Automatic Investing Plan2 to build your portfolio easily and automatically.

  • Get complimentary, one-on-one guidance from our Financial Consultants.

Max Out Tax-Advantaged Retirement Options

There are several retirement investing options that provide tax benefits that can significantly impact your overall savings when you maximize your contributions to these accounts.

  • 401(k) Plans

    If your employer offers one, contribute to it. Even better — if they offer matching contributions, ensure you contribute enough to maximize the benefit.

  • IRA Accounts

    After maxing out your 401(k), open and fund a Traditional or Roth IRA. E*TRADE has an easy-to-use IRA Selector tool and experienced Retirement Specialists to help you choose the right IRA for you.

Take The Sting
Out Of Fees

Fees are a unpleasant secret of retirement plans, as they take on many forms and can be difficult to identify. Typically, you'll find the following fees on any plan: Account Fees, Administrative Fees, Management Fees and Investment Fees. Over a lifetime of saving, every 1% of fees can lower your total retirement savings by 27%3. While it's nearly impossible to invest without incurring fees, we can help you figure out ways to minimize fees and keep your savings for yourself.

Save Beyond
IRAs and 401(k)s

Did you know the IRS puts annual limits on retirement account contributions? If your combined household income is over a certain amount, you will not be able to deduct contributions made to a Traditional IRA, or even contribute to a Roth IRA. If you've reached your limit, here's what you could do keep your retirement rolling:

  • Set up brokerage accounts for additional long-term investments at E*TRADE.

  • Use our online tools and resources to create a comprehensive plan and choose investments.

  • Use E*TRADE 360 to track the markets, manage your investments, and trade - including free streaming quotes.

Stay On Top
Of Your Savings

The largest investment you'll make over a lifetime will most likely be your retirement savings. If your savings are spread across multiple accounts, and across several financial service firms and banks — there are significant advantages to consolidating your accounts such as IRAs and old 401(k)s with E*TRADE.

  • It ensures proper asset allocations across accounts7.

  • It provides a consolidated view of balances and investment performance.

  • It may help you minimize fees and take required distributions.

E*TRADE has tools and resources to not only help you stay on top of your investments, but simplify the consolidation process too:

Next Steps

There's never been a better time to take the reins of your retirement. There are simple things you can do now to help ensure that you are better prepared down the road. If you have questions call us at

Get up to $6006 when you open an IRA or roll over a 401(k)

Plus 60 days of free trades for deposits of $10k or more

The Savings Power of an IRA1

Using time and the power of compounding, you can significantly grow your retirement savings whether you start early in life, or even as you near retirement.

This chart assumes each age group is making their maximum eligible contribution to an IRA account at the beginning of each annual period. $5,000 is contributed annually until reaching age 50, then $6,000 is contributed thereafter until age 65.

Get up to $600 cash credit for deposits or transfers made within 45 days of account open.
Deposit or Transfer
$25K - $99,999
$100K - $249,999
$250K and above
And open an account with $10,000 or more and receive free stock & options trades for 60 days once funds become available.
*Call us to see how you can qualify for more at 1-800-ETRADE-1