You’ve been a smart saver. Now be a smart spender.
Manage your money after you retire with JPMorgan SmartRetirement® Funds
Over the years, you’ve relied on SmartRetirement to diversify your investments, manage your risk and help build your savings. With retirement approaching, count on it to help you spend confidently, too, so you can enjoy life.
You’ve been saving for retirement for a long time.
That was smart.
Now it’s time to be a smart spender, too, so you manage your money wisely in the years after you retire.
Your JPMorgan SmartRetirement fund has some important features to help.
For starters, SmartRetirement is designed to keep generating investment returns in retirement, just as it did during your working years.
That can give you more spending power, so you don’t deny yourself the things that make retirement fun.
Even better, your SmartRetirement fund gives you information to help you spend confidently in retirement… so you feel better about the decisions you make.
Let’s say you’re 65 and looking at your sources of retirement income.
The first thing you may want to do is keep your assets invested in JPMorgan SmartRetirement.
It’s designed to help you spend gradually, so your money can last through retirement, even to age 100.
Next, check in each year to see how much to spend to keep your retirement on track.
This amount is based on our research and market conditions.
And, finally, enjoy your retirement more knowing you can gradually spend your money over time with less worry.
Looking at this in more detail...if you have $100,000 invested in SmartRetirement, the fund will identify a sample amount to withdraw for each year of your retirement.
Starting with $5,000 at age 65, for example.
This amount will change yearly. So when you check in at age 75, it might be $7,000.
But what if you want to spend a little more (or a lot more) one year – say, for a special trip with the grandkids?
Our digital SmartRetirement calculator will help you evaluate the impact on your future ability to spend, so you can make the smartest decision for you.
All of your fund’s spending features turn on automatically as you near your target date.
So stay on track in the years ahead with JPMorgan SmartRetirement. It could be your smartest move yet.
What makes SmartRetirement so easy?
Adjust to retirement
As you near your retirement target date, your fund's spending features will turn on automatically.
Enjoy yourself
You’ll have total flexibility. Spend more one year. Or less. Even plan a special trip. Our calculator shows the effect on future spending to help you stay on track.
Focus on returns
While carefully managing risk, your SmartRetirement fund will continue to aim for investment gains. That can help your money go further.
Why SmartRetirement? Hear from investors like you.
Melia
[MUSIC PLAYING] My name's Elizabeth Swartwood. I am invested in my 401(k) at my work. I have nine children, and we raised them, and then I went to work to help pay to raise them. So I worked at night part time. My husband always came home-- he was a structural engineer-- always came home promptly at 5 o'clock, and I left a little bit early, had dinner on the table, and worked at night for many years [INAUDIBLE] and I think in 1961 is when I started.
And I've worked ever since. My husband talked me into quitting. Why don't know I quit? And he said, the kids are gone. Enjoy some time off. Quit working. So I did for a year, and I got bored, went back to work. No, I wasn't able to. Because I had so many children, we were paying from paycheck to paycheck. I remember we had $500 money saved, and we were just blessing ourselves and patting ourselves on the back, and the car went bad and we had to get a new car.
All of my children, of course, are grown, and are marvelous savers. We must have instilled something at home because they all have savings accounts that are listed with investing companies. They're all on their 401(k) or whatever their companies have. I do you have grandchildren and great grandchildren, and I have two new great grandsons that'll will be year old next month.
And I've started what I've started doing with them, and I've told their parents, I'm giving them money for their birthday. Any occasion-- Valentine's Day, whatever-- I'm giving them money for them to put it in an account so that that boy will be-- have some money when he's grown. I'm sure I won't be around when he's grown, but she's promised me she's going to tell him about me.
I would advise them to start putting something-- a few dollars, anything-- every pay day to put it in, because they're not going to miss it, and it will amount to a lot of money later on in their life. If they can just leave it and let it grow, it's going to be fabulous for them when they need it later on.
This material has been prepared for informational and educational purposes only. It is not intended to provide and should not be relied upon for investment, accounting, legal, or tax advice. JP Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase and Company and its affiliates worldwide.
For Melia, there’s a fear factor to spending in retirement. So she likes the fund’s estimate of how much to spend.
Stu
[MUSIC PLAYING] I chose my fund based on my lifestyle. I have a really, really busy lifestyle. So I wanted a fund that would give me the necessary amount of risk and growth. So I didn't want to have to proactively manage those funds and make sure that I had the right mix, because that would sort of make me a little nervous to have to do that on a constant basis. So I love that there is a fund that does that for me.
I know that a target date fund is a fund that is a specified mix of income and growth. So if I am 25 years old, then I would probably have a more aggressive mix. And that mix would change over time, as I grow older.
I think they do research, and they look at statistics, and they look at what's out there in the marketplace. And then they determine the best companies to invest in and the best markets to invest in for the various types of target date funds that are out there. I think they probably love what they do. And they want to see the fund be successful, and they want to see people who invest in the fund be successful as well.
I would say, just think about that there is a professional that's doing this for you that really understands the mix behind these funds. And just think about all the research that you would have to do if you select these funds individually for yourself.
[MUSIC PLAYING]
Stuart’s priority in retirement is having enough money for the fun things in life. He thinks SmartRetirement can help him spend more intelligently so he can do what he loves.
Laura’s story: Shifting from saver to spender
Situation: At 62, Laura's been diligently saving her $300,000 and working to be debt-free in retirement. But beyond living simpler, and going on an annual yoga retreat, she doesn’t quite know what her future will look like. Laura is:
• Uncertain what her expenses will be in retirement
• Not yet focused on how to manage her money post-retirement
• Currently invested in a portfolio designed for aggressive growth
Why SmartRetirement: SmartRetirement can help Laura find the right balance between enjoying her money now and planning for the future. By keeping her 401(k) invested in a SmartRetirement fund, she’ll be able to keep to an annual budget – plus generate returns on her nest egg even as she uses it.
Vince’s story: Overcoming a fear of spending
Situation: Vince, 67, wasn’t exactly embracing retirement although he has $200,000 saved. He never ate out. Or bought anything beyond the basics. And he was resigned to keeping his old car running. In short, Vince was:
• Worried his assets would disappear too soon if he spent any money
• Still saving for a rainy day
• Relying on Social Security for all his expenses
Why SmartRetirement: With SmartRetirement, Vince plans to stick to the sample withdrawal amount that his fund identifies each year. With $100,000 invested, he learned he could spend $5,000 the first year without worry. His first purchase? A nice dinner out with his wife.
Bob and Angela’s story: Focusing on enjoying life
Situation: At 70 years old, he has a 401(k). She has a teacher’s pension. Together, they own a condo that they rent. With these resources in place for their retirement, Bob and Angela were:
• Focused on enjoying themselves in the years ahead
• Looking for flexibility to take advantage of new opportunities
• Seeking a better understanding of how much to spend each year
Why SmartRetirement: Bob and Angela appreciate that their fund identifies a sample withdrawal amount to spend annually. That helps them better plan their spending for the year across all their investments. At the same time, it gives them the flexibility to take out as much (or as little) as they want, so they can take that long-awaited trip to Europe if they choose to.
