Retirement Planning
- Start early
- Reduce taxes
- Revisit your plan often
Time is your best friend when it comes to growing your retirement nest egg. Starting even just a few years earlier could double your money at retirement age! That's the power of compounding interest.
Get started today by opening an IRA!
Open NowRest easy now knowing you are preparing for your future.
The average person should start saving for retirement between the ages of 18 and 21, when basic education is complete and income is being generated. For many, that sounds too early. But when you consider the benefits of starting early, it's a no brainer. The earlier you start saving for retirement, the less you'll have to sacrifice during your working years and the more your nest egg will grow.
That's right — save less each year AND end up with more in the end. That's the beauty of starting early.
So now that you understand the time to start saving for retirement is now, let's get to it.
Financial Calculators
Use these savings and retirement calculators to help give you a better idea of how to save for your retirement.
How much will I need to save for retirement?
How much will I receive in Social Security?
I'm retired, how long will my savings last?
How much can I save with my 401(k)?
Compare Roth 401(k) and Traditional 401(k) retirement savings plans.
How much will inflation affect my retirement?
Ready to Get Started?
Visit Our IRA Service CenterKnowledge is power. Be in the know for financial betterment.
-
Lafayette Federal HomeAdvantage is a free member service that can help you buy, sell and save on your home.
Save $100s to $1,000s in Cash Rewards*
-
Stop carrying around cash and upgrade to a Mastercard® Credit Card.
Safe, convenient, customizable
-
Dreaming of a new ride? Let us finance your next new, used, or fuel-efficient vehicle.
Rates as low as 2.375% APR*
Lost Card?
Routing #: 254074811
Maryland
Kensington, MD 20895
Potomac, MD 20854
Virginia
Falls Church, VA 22042
Crystal City, VA 22202
McLean, VA 22101