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Transform your financial habits to prepare for the future

Your 50s are a good time to take stock of the asset allocation of your portfolio and evaluate your position relative to your retirement plans. For an accurate estimate, consider at what age you would like to retire and the lifestyle you plan to have... will you travel, have a vacation home, take up an expensive hobby? Project a budget, keeping in mind that some costs, such as health insurance, may increase, and others, like your mortgage payment, may disappear. Once you have estimated your living expenses, then estimate how much your assets will be worth at retirement, and how long they are likely to last. You can do this with American National Bank of Mt. Pleasant's retirement calculator. Also estimate your Social Security income. With all this information at hand, you may want to increase your retirement contributions.

As you enter your 60s, fine-tune your projections and your asset allocations. If you retire before age 65, be sure you have medical insurance to cover you until you are eligible for Medicare.

American National Bank of Mt. Pleasant can help you in your pre-retirement life stage to re-allocate your assets or increase IRA contributions. Please contact our new accounts staff for more information.

Here are other ways pre-retirees can enhance their financial position at American National Bank:

Take advantage of our interest-bearing NOW checking account  >> 

NOW Checking Account:  Earn interest with your checking account.  For more information on our NOW account, please navigate to our Checking area.

Conserve time, money, and paper with American National Bank's convenient checking accounts with online banking and bill pay and ATM services  >> 

American National Bank offers e-Banking services to help reduce our carbon footprint.  Please navigate to e-Banking to review our electronic services, such as Online Banking, Online Bill Pay, e-Statements, Visa debit cards, and Mobile Banking.

Catch up on your IRA or other retirement plan   >> 

After age 50, you are qualified to boost your plans with "catch-up" contributions. Contact our customer service representatives for more details.


  • 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.

Some Financial Calculators for Pre-Retirement...

Our calculators can help you determine what you need to achieve your goals and stay on budget.


For help determining the best accounts and products for sound and productive money management during your Pre-Retirement Life Stage, please contact us at (903) 572-1776 or email us at info@anbmp.com.

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