In your 50s, evaluate your assets relative to your desires.  Plan a budget in line with with your target retirement age and lifestyle.   Estimate how much your assets will be worth at retirement, and how long they’re likely to last with our Retirement Calculator.   In your early 60s, fine-tune your projections and allocations.  If you retire before age 65, be sure insurance covers you until you’re eligible for Medicare.  Blackhawk Bank can help you reallocate assets, increase IRA contributions and review other investment options.

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Transform your financial habits to prepare for the future

1. Knowledge is power

Surprisingly, most Americans don't live by a budget. The majority of us truly don't know where the money goes...we just know it goes. Dinner and a movie, mani-pedi's, shopping trips, lunches out, drinks after work with friends, cable TV...  and on and on.  Even at this pre-retirement time of life when we NEED to at least be aware (and more likely need to make changes in spending) we too often remain oblivious.  We work hard and have done so for years - we deserve to have fun, right?

Well yes, we do deserve to have fun. But unless you're among that enviable 1% group, you need to live by a budget. Everyone does.  You can bet the "one percenters" have someone managing their money!  Going through the exercise of writing it down, recording both the necessary and the optional expenses, is real eye-opener.  Do it, (here's a Budget Workbook for you to use) and then set up an appointment with a professional Financial Advisor.  Armed with good information, you'll be able to plan with greater confidence for your retirement. Read this informative Retirement Workbook to help you understand what you'll need in the future. 

A few more words on budgeting...
Do yourself and your younger family members a favor: teach them how to budget. Managing money wisely is the surest way to financial success and independence! 

Here's good news: This checking account pays YOU!
Easy Money Checking a game-changing checking account with high interest earnings (more than most long-term CDs) and refunded ATM fees.  You can literally use any ATM, anywhere in the world and get your fees refunded by Blackhawk Bank. There are only two easy requirements to meet each qualification cycle.   Learn more

2. Save time and money with NetTeller Online & Mobile Services

Online Bill Pay
You’ll reduce the time it takes to pay your bills and save on the expense of checks and postage while also helping the environment. Paying bills is a responsibility that we can help you with by making it simple, fast and secure. Start paying your bills online and stop buying stamps, looking for a mailbox, and hoping your payments arrive by the due date.

Sign Up for eStatements & eNotices 
Be part of the 'green' initiative! Your statement is delivered to your inbox monthly.  Ask for all your deposit accounts on one statement; print it if you wish to.

Online Banking  
with Online Banking, you can sign up for account alerts, check balances, verify deposits / withdrawals, confirm cleared checks, transfer funds, make payments to Blackhawk loans and more. 

Mobile Banking  
Mobile Banking allows you to bank anytime, anywhere, anytime.  Enroll by logging into your NetTeller account.  Both Text and Internet Mobile options are available.

24-Hour Bank-by-Phone   
This convenient way to access your account information provides many of the same features and benefits of Online Banking – without the Internet. Call Toll-free 888.769.2600 to hear your account information.  First-time users will enter the last four digits of their Social Security Number, and then change to a PIN of your choice.

3. Use Direct Deposit for fast access to your money, and to save

With Direct Deposit, your funds are available and your money begins working for you right away.  Plus, you’ll have added safety with no chance of your check being lost in the mail or stolen. Most companies offer payroll Direct Deposit, and all new Government checks are now direct-deposited.

Catch up on your IRA or other Retirement Plan After age 50, you're qualified to boost your plans with “catch-up” contributions.  The best way to watch your money grow is to pay yourself first by choosing to Direct Deposit into a retirement savings account.  Contact a Personal Banker to get started. 

4. Establish an estate plan and/or trust

Financial Advisors at Blackhawk Investment Group can help you plan for the special needs of your children, aging parents or the responsibilities of higher education and more.  Our professionals can help you in the areas of estate planning to invest your assets, save on taxes and protect and manage your property. Whether you're a private individual, a business owner, or you're in charge of a not-for-profit organization, we utilize the extraordinary breadth of banking, investment, insurance and trust services of Raymond James Financial Services, Inc. to help you achieve your objectives.   Learn more…

Blackhawk Bank and Blackhawk Investment Group are independent of Raymond James Financial Services. Securities are offered through Raymond James Financial Services, Inc. Member FINRA/SIPC, an independent broker/dealer, and are not insured by FDIC, any other government agency, or any other bank insurance, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks, including the loss of principal.

Tips for Effective Financial Management

  • Become aware of opportunities to reduce your lifestyle costs, e.g., downsizing vehicles or your home may provide convenience while lowering the costs and time of maintenance.
  • Determine your financial priorities, make a list with deadlines and start accomplishing them.
  • Start the decision-making process about where you want to live during retirement and figure all the associated costs.
  • Spend time doing what you plan to do at retirement to help yourself determine if you’re ready.

Mortgage Calculator | Retirement Calculator

For help determining the best accounts and products for sound and productive money management during your Pre-Retirement Life-Stage, talk to a Personal Banker or visit with a Financial Advisor at Blackhawk Investment Group by calling 800.209.2616.

Raymond James Financial Advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information my be delayed.  Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Raymond James Privacy Notice Blackhawk Investment Group | 400 Broad Street, Beloit, WI 53511