August 9, 2021Retirement Strategies That Work 

Whether you are close to retirement age, or just kicking off your dream job, having a solid retirement plan is essential to a financially secure retirement. Let’s check out a few key strategies to get you started. 

Invest a Consistent Amount Each Month. With this strategy, you can automatically contribute to your IRA or other retirement accounts with every paycheck (up to the maximum annual contribution). 

Plan for Retirement Adjustments. It is important that you plan to adjust your income after retirement. While some of your retirement income will probably be a fixed amount each month, you will also have some retirement accounts that will pay different amounts based on market performance. If possible, try to funnel your monthly retirement contributions toward retirement accounts that are not variable. This will allow you some flexibility in good times; and security and peace of mind when times may get rough.

Control Your Plan. Too many people cede control of their entire retirement plan to someone they don’t know well, and more concerning, who may not know them. Be an active participant in your investment plan. Ask questions. Go to every seminar your investment group puts on, especially if it is tied to your job. It’s never a bad idea to lean as much as you can. 

As you take the time to get involved with your retirement planning and develop strategies that help you and your family, you will see a brighter future. If you would like to speak with a Member Advocate about retirement options available to you, message us via Live Chat at, give us a call at 1-800-226-6673. 


Each individual’s financial situation is unique, and readers are encouraged to contact PEFCU when seeking financial advice on the products and services discussed. This article is for educational purposes only; It does not constitute legal advice. If such advice or a legal opinion is required, please consult with competent local counsel. 





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