Investing By Life Stage
Retirement

Once you are retired, your financial focus is likely to shift from asset growth to asset preservation. If you are no longer earning a wage or are working only part-time, you'll need to make your savings and investments last. Here are some suggestions that may help you during this stage.

Double-check your IRA beneficiaries

Make sure the name of the person or persons you intend as your beneficiaries are included in your IRA account records. It’s easy to check online who you named as your Homestead Funds IRA account beneficiary. Just log in to your account.

Set up an automatic withdrawal program

Homestead Funds offers a service that automatically moves money from your Homestead Funds account to your bank account. This provides a convenient way for you to receive income during retirement.

Plan your distributions to be tax efficient

You worked hard to accumulate savings. That's why you should identify distribution options that will keep more of your money working for you, rather than siphoned off to pay taxes.

How to invest at this stage

In retirement your primary focus is likely to be preserving your account value, rather than fueling account growth. But with increasing life expectancies and advances in health care, today’s retirees and future generations can expect to enjoy a longer and more active retirement. For this reason, you should consider keeping a slice of your portfolio in long-term investments, like stock funds. These investments have the potential to generate stronger long-term returns.

For personal assistance selecting Homestead Funds, call one of our friendly client service associates at 1-800-258-3030. For online information to help you select funds, go to the "Funds and Performance" section of this website.