retirement savings, Retirement planning, Retirement game plan, Retirement Plan, Getting Started

Getting Started

Congratulations on taking the first step toward preparing for retirement. No matter your age or financial situation, it’s never too early to begin a personal retirement plan.

With average life expectancies increasing, it’s realistic to assume that you’ll live several decades after your prime earning years. Meanwhile, you can no longer count on the two traditional sources of retirement income. Social Security benefits account for just 38 percent of a typical retiree’s income, according to the U.S. Social Security Administration. And, pensions, once a staple of retirement funds, continue to be replaced with defined contribution plans, such as 401(k) plans funded primarily by employees.

Fortunately, as a young investor you have a distinct advantage: time. Over many years, the power of compound growth can turn even modest amounts into sizeable ones. And while the thought of planning and saving for retirement may seem overwhelming, you don’t have to do it alone. SunTrust’s team of trusted and experienced advisors can help you define your retirement goals and map out a strategy that’s right for you. We’ll work with you to come up with a realistic plan for saving for tomorrow while balancing your financial obligations today.

Five steps to getting started

  • Define your goals: The amount of money you’ll need in retirement will depend on a number of factors and may change over time. Still, it’s helpful to save with a goal in mind. Based on our experience of working with many clients, a SunTrust Investment Services, Inc. advisor can help you determine roughly how much you’ll need in your golden years and how much you need to save in order to reach your goals.
  • Weigh your options: To get the most from your retirement, you’ll want to maximize the tax-advantaged savings options available to you. A SunTrust advisor can also help you understand the benefits of various individual retirement options, such as a Roth IRA or a Traditional IRA.
  • Determine asset allocation: Over the long term, your asset allocation can have a bigger impact on your overall returns than the individual stocks, bonds or mutual funds you choose.1 Asset allocation is how you divvy your investment dollars between stocks, bonds and other types of investments. A SunTrust Investment Services advisor will consider your age, risk tolerance and other factors to help you determine the best allocation strategy for you.
  • Choose your investments: Once your strategy is in place, a SunTrust advisor can help you identify individual investments suited to carry out your plan. For new investors, it generally makes sense to invest primarily in a range of diversified mutual funds, which are portfolios of stocks, bonds and other kinds of assets. Over time, however, you may want to add individual stocks, bonds and other securities to the mix. The best news is that, unlike some financial institutions that limit you to their products, SunTrust Investment Services can offer you investing solutions from some of the best product providers the industry has to offer.
  • Prioritize and save: If you’re like most people, you’re juggling multiple savings goals, such as your child’s tuition or a down payment on a home, at one time. A SunTrust advisor can help you come up with a realistic strategy for keeping your retirement plans on track without neglecting your short-term goals.

Call SunTrust at 844.206.8900 to speak with an advisor about laying the foundation for a solid retirement. Or click here to schedule a call or get the answers you need.


1Mutual Fund values fluctuate so that an investor’s shares, when redeemed may be worth more or less than their original cost.

Investors should consider the investment objectives, risks and charges and expenses of a Fund carefully before investing. A prospectus which contains this and other information can be obtained from your financial professional. Please read the prospectus carefully prior to investing.

Contact Us

To reach a SunTrust advisor:


Please enter address to search

Investment and Insurance Products:

  • Are Not FDIC or any other Government Agency Insured
  • Are Not Bank Guaranteed
  • May Lose Value

© 2017 SunTrust Banks, Inc.

Equal Housing SunTrust Bank is an Equal Housing Lender. Member FDIC.

Equal Housing Equal Housing Lender. SunTrust Mortgage, Inc.

SunTrust, SunTrust Mortgage, SunTrust PortfolioView, SunTrust Robinson Humphrey, SunTrust Premier Program, AMC Pinnacle, AMC Premier, Access 3, Signature Advantage Brokerage, Custom Choice Loan and SunTrust SummitView are federally registered service marks of SunTrust Banks, Inc. All other trademarks are the property of their respective owners.

Services provided by the following affiliates of SunTrust Banks, Inc.: Banking products and services are provided by SunTrust Bank, Member FDIC. Trust and investment management services are provided by SunTrust Bank, SunTrust Delaware Trust Company and SunTrust Banks Trust Company (Cayman) Limited. Securities, brokerage accounts and insurance (including annuities) are offered by SunTrust Investment Services, Inc., a SEC registered broker-dealer, member FINRA, SIPC, and a licensed insurance agency. Investment advisory services are offered by SunTrust Advisory Services, Inc., and GenSpring Family Offices, LLC, each of which is registered as an investment adviser with the U.S. Securities and Exchange Commission. Mortgage products and services are provided by SunTrust Mortgage, Inc.

SunTrust Mortgage, Inc. - NMLS #2915, 901 Semmes Avenue, Richmond, VA 23224, 1‐800‐634‐7928. CA: licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, IL: Illinois Residential Mortgage Licensee #MB‐989, Department of Financial and Professional Regulation, 100 W. Randolph, Suite 900, Chicago, IL 60601, 1‐888‐473‐4858, MA: Mortgage Lender license #‐ML‐2915, NJ: Mortgage Banker License ‐ New Jersey Department of Banking and Insurance, NY: Licensed Mortgage Banker—NYS Department of Financial Services, and RI: Rhode Island Licensed Lender.

"SunTrust Advisors" may be officers and/or associated persons of the following affiliates of SunTrust Banks, Inc.: SunTrust Bank, our commercial bank, which provides banking, trust and asset management services; SunTrust Investment Services, Inc., a registered broker-dealer, which is a member of FINRA and SIPC, and a licensed insurance agency, and which provides securities, annuities and life insurance products; SunTrust Advisory Services, Inc., a SEC registered investment adviser which provides Investment Advisory services.

SunTrust Private Wealth Management, International Wealth Management, Business Owner Specialty Group, Sports and Entertainment Group, and Legal and Medical Specialty Groups are marketing names used by SunTrust Bank, SunTrust Banks Trust Company (Cayman) Limited, SunTrust Delaware Trust Company, SunTrust Investment Services, Inc., and SunTrust Advisory Services, Inc.

SunTrust Bank and its affiliates do not accept fiduciary responsibility for all banking and investment account types offered. Please consult with your SunTrust representative to determine whether SunTrust and its affiliates have agreed to accept fiduciary responsibility for your account(s) and if you have completed the documentation necessary to establish a fiduciary relationship with SunTrust Bank or an affiliate. Additional information regarding account types and important disclosures may be found at\investmentinfo.

SunTrust Robinson Humphrey is the trade name for the corporate and investment banking services of SunTrust Banks, Inc. and its subsidiaries, including SunTrust Robinson Humphrey, Inc., member FINRA and SIPC.