Financial Security for Your Retirement
Knowing that your needs can be continually met is of utmost concern to retirees. Will you have enough savings to fund your golden years? What happens in your healthcare costs increase? Amboy Bank has been helping seniors navigate these issues and others for many years.
While in your retirement years, even if you've planned and saved carefully, you still may be concerned that your finances could become more difficult to manage in the future. Should you find yourself in this position and you own your own home, one of our In-Retirement Loans could be an option for you to gain access to the funds you need.
Amboy Bank has different In-Retirement Loans designed to meet your specific needs. Often referred to as a reverse mortgage, with these loans you make payments how or when you want, or wait until you leave your home. You never owe more than your home is worth. The application is simple and you receive ongoing local service to support any questions or changes you may have.
We can help you determine which of our In-Retirement Loans could work best for you. Complete this no-obligation form to learn more.
Social Security is a well-earned benefit for most of us, and it should be included as part of your retirement income plan. However, it’s natural to be concerned about how much it will pay out to you, especially if you have not yet entered retired (as the program will have more time to be modified).
The Social Security benefits that you (and a spouse) will receive at retirement can be estimated based on your average annual income, your current age, and your age when you retire. Use our calculator below, and then speak to us about how Amboy Bank can help you plan for your retirement and make sure you have the income that you need.
You have made it to retirement, or perhaps you are counting down the days until you retire. You have money put away, but you need to know how long it will last. There are key factors that will determine that, including your monthly spending and other sources of income. The rate of return on your outstanding savings balance, the taxes you pay on withdrawals, and the impact inflation has on your required monthly spending will all have a significant impact as well.
Our calculator below can help you estimate how long your retirement savings will last. Need help creating or refining your retirement plan? Speak to us today!
How much monthly income will your retirement savings provide? The number of years you will need it to last, the expected rate of return on your outstanding savings balance, and the rate at which withdrawals from your savings account will be taxed, will all be determining factors.
Our calculator below can help you estimate how the income your retirement savings will give you. Need help creating or refining your retirement plan? Speak to us today!
Explore Amboy Solutions
We offer a number of in-retirement solutions to help you enjoy financial flexibility in your golden years. Take a look at some of our unique advantages and most popular solutions below.
Learn more about the unique benefits of Amboy's in-retirement loans.
- No monthly principal or interest payments required
- No credit score and minimal income requirements
- Available in most HOA communities
- All loans are held and serviced by Amboy
We offer tailored solutions to help you make the most of this rewarding chapter.
- Tap into your home's equity with an In-Retirement Home Equity Loan
- Review the state and federal assistance programs that may be available to you with the Benefits Checkup
- Create a wealth management plan with our investment advisor
- Find out if you qualify for the New Jersey tax relief program
- Learn best practices to help protect yourself against fraud and scams that target older adults