Retirement is a time to relax, enjoy life, and reap the rewards of your hard work. To ensure a brighter retirement journey, it is crucial to have a solid plan in place that aligns with your financial goals and provides the necessary support. This is where BOK Financial retirement plan services come in.

BOK Financial offers comprehensive retirement plan services designed to evolve with participants, providing the retirement benefits they deserve. With over 75 years of experience managing money and more than $100 billion in wealth assets under management or administration, BOK Financial is a trusted partner that can help you navigate the complexities of retirement planning. Their investment management approach focuses on long-term strategies, diversified portfolios, and active and passive management to maximize returns and preserve wealth.

By choosing BOK Financial retirement plan services, you gain access to a team of dedicated experts who understand your unique needs and objectives. They work diligently to provide stability, experience, and knowledge, ensuring that your retirement plan is tailored to suit your individual circumstances. Whether you are just starting your retirement journey or are already well on your way, BOK Financial has the solutions and expertise to help you reach your goals.

Key Takeaways:

  • BOK Financial retirement plan services are designed to evolve with participants, providing stability and flexibility.
  • Their investment management approach focuses on long-term strategies, diversified portfolios, and active and passive management.
  • BOK Financial offers over 75 years of experience managing money and has more than $100 billion in wealth assets under management or administration.
  • By choosing BOK Financial, you gain access to a team of dedicated experts who understand your unique needs and objectives.
  • BOK Financial retirement plan services can help you achieve your retirement goals and ensure a brighter future.

Built to Perform

When it comes to retirement planning, advantages are crucial. That’s why BOK Financial offers solutions that are built to perform, helping individuals reach their retirement goals. With over 75 years of experience managing money, BOK Financial provides stability, experience, and knowledge to ensure a secure financial future.

With more than $100 billion in wealth assets under management or administration, BOK Financial has the resources to help clients achieve their retirement goals. Their team of over 900 dedicated wealth management professionals is committed to providing personalized solutions tailored to each individual’s needs.

From comprehensive retirement planning strategies to investment management, BOK Financial covers all aspects of retirement planning. Their solutions are designed to evolve with participants, adapting to changing circumstances and market conditions. With a focus on long-term success, they help clients navigate the complex world of retirement planning with confidence.

Whether you’re just starting your retirement journey or looking to optimize your existing retirement plan, BOK Financial’s expertise and commitment to excellence make them a reliable partner. Their integrated approach to retirement planning ensures that you have the tools and support you need to reach your retirement goals.

Key advantages of BOK Financial retirement planning solutions:

  • Expertise backed by 75 years of experience managing money
  • Over $100 billion in wealth assets under management or administration
  • Highly qualified team of 900+ wealth management professionals
  • Comprehensive retirement planning strategies
  • Adaptive solutions that evolve with participants
  • Dedication to long-term success

Partnering with BOK Financial means gaining access to top-tier retirement planning expertise and solutions that are built to perform. Start your journey towards a brighter retirement today.

Investment Management Approach

BOK Financial adopts a comprehensive investment management approach that combines long-term strategic planning with a research-driven methodology. A diverse team of experienced investment professionals focuses on the investment process rather than relying solely on historical performance.

Through ongoing research and analysis of capital markets and investment managers, BOK Financial ensures that its investment decisions are well-informed and driven by the latest market insights.

Their investment strategy employs a combination of active and passive management, allowing for exposure to the market at a low cost while also seeking to add alpha in specific areas. BOK Financial believes in the importance of diversification across sub-asset classes, enabling them to mitigate risk and capitalize on various investment opportunities.

By partnering with best-in-class investment managers, BOK Financial ensures that its clients have access to high-quality investment options. This open architecture approach allows them to align their clients’ portfolios with the most suitable investment opportunities in the market.

Overall, BOK Financial’s investment management approach is designed to optimize returns, manage risk effectively, and provide its clients with a well-diversified and resilient investment portfolio.

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How We Manage Money

BOK Financial employs a comprehensive approach to managing money that encompasses portfolio management, asset allocation, and the careful selection and monitoring of investment managers. With a commitment to providing diverse investment options, BOK Financial offers a range of investment vehicles to cater to the unique needs of investors.

Investment Options

As part of their portfolio management strategy, BOK Financial offers the following investment options:

  • Target-date funds: BOK Financial’s target-date funds follow a moderate glidepath and have a competitive track record spanning over 15 years. These funds are designed to adjust their asset allocation as the investor approaches retirement.
  • Risk/return funds: BOK Financial’s risk/return funds provide managed portfolio solutions for investors seeking a balance between risk and return. These funds are designed to align with the investor’s risk tolerance and financial goals.
  • Single-asset funds: BOK Financial’s single-asset funds focus on creating value through careful sub-asset class allocation. These funds allow investors to have targeted exposure to specific investment areas.

BOK Financial’s investment options provide a diverse range of choices, allowing investors to align their investment strategy with their financial objectives and risk tolerance.

Through their portfolio management approach, BOK Financial aims to optimize returns while managing risk effectively. By utilizing asset allocation techniques and carefully selecting investment managers, they strive to achieve the best possible outcomes for their clients.

Our Partners

BOK Financial partners with leading investment teams to deliver competitive solutions for retirement plan participants. Our network of investment managers has a proven process and a competitive track record. We understand the importance of providing our clients with diverse investment options that align with their goals and risk tolerance.

Investment Partners

At BOK Financial, we collaborate with trusted investment partners who share our commitment to delivering exceptional results. Our partners are selected based on their expertise, experience, and track record of success in managing investment portfolios. By leveraging their specialized knowledge, we can offer innovative and competitive investment solutions to our clients.

Competitive Solutions

We strive to provide retirement plan participants with a wide range of competitive investment solutions. Our investment partners bring unique perspectives and strategies, allowing us to create portfolios that meet our clients’ diverse needs. Whether participants are looking for growth, income, or a balanced approach, our investment solutions aim to optimize performance while managing risk.

Maximizing Retirement Plan Value

We understand that retirement plan participants rely on us to help them achieve their retirement goals. That’s why we partner with trusted investment teams to deliver competitive solutions that maximize the value of their retirement plans. Through rigorous research and strategic investment management, we aim to provide participants with the best possible opportunities for long-term growth and financial security.

“By partnering with top investment managers, we can offer retirement plan participants access to competitive solutions that can help them achieve their financial goals.” – BOK Financial

Collective Investment Funds

Our collective investment funds are professionally managed investment portfolios that allow retirement plan participants to diversify their investments with ease. These funds are exempt from registration and offer participants the opportunity to access the expertise of our investment partners. It’s important to note that investments in the BOK Financial Funds are not deposits or obligations of BOK Financial and are not insured by the FDIC or any other governmental agency.

Benefits of Our Partnership Competitive Solutions Diversification Proven Track Record
Access to leading investment teams Wide range of investment options Opportunity to diversify investments Investment managers with a strong performance history
Expertise and specialized knowledge Strategies tailored to participants’ needs Reduced risk through asset allocation Consistent and competitive returns
Rigorous research and due diligence Responsive to market conditions Access to best-in-class investment managers Proven ability to navigate market volatility

Retirement Planning at Every Age

Retirement planning is a lifelong journey that requires careful consideration and strategic financial decisions. Whether you’re in your 20s or approaching your 60s, it’s never too early or too late to start saving for retirement and working towards your financial goals. In each stage of life, there are specific retirement planning guidelines that can help you make the most out of your savings and create a solid foundation for your future.

1. Retirement Planning in Your 20s

In your 20s, the key is to start saving early and take advantage of the power of compound interest. Even small contributions made at this age can grow significantly over time. It’s essential to establish a habit of consistent saving and consider starting a retirement account, such as an Individual Retirement Account (IRA) or a workplace retirement plan.

Financial experts recommend allocating at least 10-15% of your income towards retirement savings. Consider investing in low-cost index funds or target-date funds that align with your risk tolerance and long-term goals. Educate yourself on basic money management skills and seek guidance from a financial advisor to set realistic financial goals.

2. Retirement Planning in Your 30s

As you enter your 30s, finding a balance between saving for retirement and managing debt becomes crucial. It’s essential to establish an emergency fund and prioritize paying off high-interest debt, such as credit cards or student loans. Take advantage of your employer’s retirement plan, especially if they offer any matching contributions.

Aim to save 15-20% of your income towards retirement and consider expanding your investment portfolio beyond just stocks. Diversify your investments to include bonds, real estate, or other asset classes based on your risk tolerance. Regularly review your financial plan and make adjustments as needed to stay on track towards your retirement goals.

3. Retirement Planning in Your 40s

In your 40s, retirement savings should become a top priority. Evaluate your retirement goals and reassess your financial plan. It’s important to have accumulated 3.5-6 times your salary in retirement savings by the end of your thirties.

At this stage, it’s crucial to manage your investment risk exposure. Consider shifting to a more conservative investment strategy to protect your savings from market volatility. Review your accounts’ performance and fees, and make any necessary adjustments to optimize your portfolio. Take advantage of catch-up contributions if you’re eligible, as this allows you to contribute additional funds to your retirement accounts.

4. Retirement Planning in Your 50s

As you enter your 50s, it’s vital to dial down the investment risk and focus on building a secure financial foundation for retirement. Evaluate your asset allocation and consider transitioning to a moderate risk strategy to protect your investments.

Make it a priority to pay off any remaining debts, including your mortgage. Explore catch-up contributions allowed by the IRS for retirement accounts, which allow individuals 50 and over to contribute additional funds. Start planning for healthcare expenses in retirement by considering long-term care insurance and exploring Medicare options. Review Social Security claiming strategies to optimize your benefits.

5. Retirement Planning in Your 60s

As you approach retirement in your 60s, it’s crucial to develop an income and tax strategy to ensure a smooth transition. Work with a financial advisor to determine the best withdrawal strategy from your retirement accounts, minimizing tax implications.

Review and update your estate planning documents, such as your will, powers of attorney, and beneficiary designations. Consider a mixed tax strategy by balancing taxable, tax-deferred, and tax-free income sources. Evaluate your health insurance options, including Medicare eligibility and supplemental coverage.

Retirement planning at every age is a combination of diligent saving, wise investing, and regular review of your financial plan. Consulting with a knowledgeable financial advisor can provide valuable guidance and help ensure you’re on track to achieve your retirement goals. Start planning today and secure a financially sound future for yourself.

Retirement Planning in Your 20s

Starting retirement savings early is crucial for a secure financial future. In your 20s, it’s important to prioritize setting aside money for retirement as soon as possible. When you begin saving at a young age, you have the advantage of compound interest, which allows your investment to grow significantly over time.

One effective strategy is to educate yourself on money management and develop a budget that includes a portion dedicated to retirement savings. Consider meeting with a financial advisor who can help you build a comprehensive financial plan tailored to your goals and aspirations.

When it comes to investing, simple index funds with low expense ratios can be a great option for individuals in their 20s. These funds offer broad market exposure and have historically delivered solid returns. By keeping costs low, you can maximize your investment’s potential growth.

“The earlier you start saving for retirement, the more time your money has to grow. Even small contributions can make a significant difference in the long run.”

By making retirement savings a priority in your 20s, you are building a strong foundation for your financial future. Remember, every dollar you save today has the potential to provide you with greater financial security and independence in retirement.

Key Takeaways:

  • Start saving for retirement as soon as possible in your 20s.
  • Take advantage of compound interest to maximize your investment growth.
  • Educate yourself on money management and set a budget that includes retirement savings.
  • Consider meeting with a financial advisor to develop a comprehensive financial plan.
  • Invest in simple index funds with low expense ratios for broad market exposure and potential returns.

Retirement Planning in Your 30s

In your 30s, it’s important to have a retirement account open and be diligently investing every month. Focus on building your retirement savings and consider investing in your employer’s 401(k) plan, taking advantage of any employer matches. Balancing debt management and retirement savings is key, and it’s recommended to work with a financial advisor to review your options. Aim to save at least $350-$500 monthly to catch up if you didn’t save in your 20s.

 

Managing your finances and planning for retirement is crucial in your 30s. Here are some important factors to consider:

  1. Open a Retirement Account: Start by opening a retirement account, such as an individual retirement account (IRA) or a 401(k) plan offered by your employer. These accounts provide tax advantages and help you save for the future.
  2. Invest Consistently: Make it a priority to invest consistently every month. By contributing regularly, you can take advantage of compounding returns and potentially grow your retirement savings significantly over time.
  3. Utilize Employer Matches: If your employer offers a 401(k) plan with employer matches, be sure to take full advantage of this benefit. Employer matches provide free money towards your retirement savings, so contribute enough to maximize the match.
  4. Manage Debt: Balancing debt management with retirement savings is crucial in your 30s. Prioritize paying off high-interest debts and create a plan to eliminate them. This will free up more funds to allocate towards retirement savings.
  5. Work with a Financial Advisor: Consider working with a financial advisor who specializes in retirement planning. They can help you create a personalized strategy, review investment options, and provide guidance on maximizing your retirement savings.

“In your 30s, it’s crucial to focus on building your retirement savings while managing debt. Take advantage of employer matches and work with a financial advisor to ensure you’re on track for a comfortable retirement.” – [Financial Advisor Name]

Age Actions
30 Open a retirement account
31-39 Contribute consistently to your retirement account
30s Take full advantage of employer matches
30s Focus on managing debt while saving for retirement
30s Consult with a financial advisor for personalized guidance

Retirement Planning in Your 40s

In your 40s, retirement savings should be a priority. This is a crucial decade to review and update your financial plan to ensure you’re on track to meet your retirement goals. Take the time to consider how you envision spending your time in retirement and what financial resources you’ll need to support that lifestyle.

One important aspect to evaluate is your investment risk exposure. As you enter your 40s, it’s typically recommended to have a moderate to high level of risk exposure to potentially maximize your long-term returns. However, it’s essential to strike a balance that aligns with your risk tolerance and financial objectives.

By the end of your thirties, it’s ideal to have saved 3.5-6 times your annual salary. This benchmark can serve as a guidepost to gauge your progress and determine if you’re on track. If you haven’t reached this milestone, it’s crucial to ramp up your savings efforts and explore ways to catch up.

Managing debt should also be a focus during your 40s. Prioritize paying down high-interest debts, such as credit cards and personal loans, as they can eat into your retirement savings. Consider refinancing your mortgage to secure a lower interest rate and potentially free up more funds for retirement.

Additionally, it’s important to review the types of accounts you’re utilizing for retirement savings with a tax-strategy perspective. Depending on your financial situation, it might be beneficial to contribute to tax-advantaged accounts, such as employer-sponsored 401(k) plans or Individual Retirement Accounts (IRAs), to optimize your tax advantages.

Stay committed to regularly reviewing and adjusting your financial plan to ensure your retirement savings remain a priority. Consider working with a financial advisor who can help guide you through this critical phase and provide personalized advice based on your unique circumstances.

Retirement Planning in Your 50s

In your 50s, it’s time to carefully manage your retirement plan to ensure a secure and enjoyable future. This is a critical stage where you need to dial down the investment risk and prioritize building your retirement savings. Consider shifting your portfolio to a moderate to moderate plus risk strategy to protect your funds while still benefiting from potential growth.

Key Considerations: Actions:
1. Catch-up Contributions: Take advantage of catch-up contributions, which allow individuals 50 and over to contribute more to their retirement accounts. Maximize your contributions to boost your retirement savings.
2. Manage Debt: Make paying off debt, including your mortgage, a priority. By reducing your debt burden, you’ll have more financial flexibility as you approach retirement.
3. Social Security Planning: Start exploring your Social Security options. Consider the optimal timing for claiming benefits to maximize your monthly income during retirement.
4. Healthcare Expenses: Be prepared for significant healthcare expenses in retirement. Consider health insurance options and explore long-term care insurance to safeguard your financial well-being.

As you approach retirement, it’s crucial to be proactive and make informed decisions to secure your financial future. Seeking guidance from a financial advisor can help you navigate the complexities of retirement planning and ensure you are on track to achieve your goals.

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Retirement Planning in Your 60s

In your 60s, it’s crucial to develop an income and tax strategy to ensure that your investment accounts are set up correctly to support you throughout your retirement years. To make informed decisions regarding withdrawals and minimize tax liabilities, it is advisable to work closely with a financial advisor who can provide guidance tailored to your specific circumstances.

One key aspect of retirement planning in your 60s is reviewing and updating your estate planning documents. This includes your will, powers of attorney, and beneficiary designations. Regularly reevaluating and aligning these legal documents with your current wishes and the ever-changing dynamics of your family and financial situation is essential.

Note: It is noteworthy to mention that the above-mentioned documents should be prepared by an attorney who specializes in estate planning to ensure accuracy and compliance with applicable laws and regulations.

Developing an Income and Tax Strategy

  1. Consult with a Financial Advisor: Collaborate with a qualified financial advisor to assess your income needs in retirement and develop an efficient strategy for drawing funds from your various accounts (such as IRAs, 401(k)s, taxable investment accounts, and Social Security) to meet these requirements while minimizing tax consequences.
  2. Evaluate Tax Implications: Understand the tax implications of different withdrawal strategies and aim to optimize your withdrawals to minimize the overall tax burden. For example, withdrawing funds from taxable accounts before tax-deferred accounts might help reduce your taxable income and potentially provide additional tax benefits.
  3. Consider a Mixed Tax Strategy: Explore the benefits of diversifying your retirement savings into different tax types, such as tax-deferred, tax-free, and taxable accounts. This strategy can offer flexibility in managing your taxes and income throughout retirement.

Note: Consult with a tax professional to help navigate the complexities of tax planning in retirement and ensure compliance with tax laws.

Will and Beneficiary Designation Review

Updating your estate planning documents is a critical step in retirement planning in your 60s. Review your will, powers of attorney, and beneficiary designations to ensure they reflect your current wishes and circumstances. Consider the following:

  • Will: Review your will to ensure it accurately outlines the distribution of your assets and includes any changes in beneficiaries or instructions you wish to make.
  • Powers of Attorney: Verify that your powers of attorney are up to date and designate someone you trust to make financial and healthcare decisions on your behalf if you become incapacitated.
  • Beneficiary Designations: Review and update the beneficiary designations on your retirement accounts, life insurance policies, and other assets to ensure they align with your current wishes and estate plan.
Retirement Planning Checklist Key Actions
1. Develop an income and tax strategy Working with a financial advisor to optimize withdrawals and minimize taxes.
2. Review estate planning documents Updating your will, powers of attorney, and beneficiary designations.
3. Consider a mixed tax strategy Exploring tax-diversified retirement savings options.

Conclusion

Retirement planning is a crucial journey that requires ongoing effort and guidance. By starting early and following a comprehensive plan, individuals can ensure a brighter retirement journey. However, navigating the complexities of retirement planning can be daunting, which is why seeking the help of a financial advisor is highly recommended.

A financial advisor can provide valuable guidance and expertise throughout each phase of retirement planning, helping individuals stay on track and achieve their desired retirement goals. From setting realistic goals to developing investment strategies and managing risks, a financial advisor can act as a trusted partner on the path to a stress-free retirement.

Remember, it’s never too late or too early to start planning for the future. Whether you are just beginning your career or approaching retirement age, taking proactive steps towards retirement planning is essential. Start your retirement planning journey today and secure a financially stable and stress-free retirement with the guidance of a trusted financial advisor.

FAQ

What are the benefits of BOK Financial retirement plan services?

BOK Financial retirement plan services offer stability, experience, and knowledge. With over 75 years of managing money and more than 0 billion in wealth assets under management or administration, BOK Financial provides a strong foundation for your retirement journey.

How can BOK Financial’s retirement plan services help me reach my retirement goals?

BOK Financial’s retirement plan services are designed to evolve with participants and help them reach their retirement goals. With a focus on long-term strategic planning, tactical asset allocation, and active and passive management, BOK Financial’s solutions are built to perform.

What is BOK Financial’s investment management approach?

BOK Financial’s investment management approach is characterized by a long-term strategic approach, research-driven investment process, and a combination of active and passive management. They believe in diversification and seek to invest with best-in-class managers.

How does BOK Financial manage money?

BOK Financial manages money through a comprehensive process that includes portfolio management, asset allocation, and selection and monitoring of investment managers. They offer a range of investment options, including target-date funds, risk/return funds, and single-asset funds.

Who are BOK Financial’s investment partners?

BOK Financial partners with leading investment teams to deliver competitive solutions for retirement plan participants. They have a network of investment managers with proven processes and competitive track records.

When should I start retirement planning?

Retirement planning should start at every age. It’s important to start saving early and take advantage of compound interest. The earlier you start, the more time your investments have to grow.

How can I start retirement planning in my 20s?

In your 20s, it’s important to start saving for retirement as soon as possible. Every dollar invested at a young age has the potential to grow significantly due to compound interest. Educate yourself on money management, set a budget, and consider investing in simple index funds.

What should I focus on in retirement planning in my 30s?

In your 30s, focus on building your retirement savings and balancing debt management. Consider investing in your employer’s 401(k) plan and take advantage of any employer matches. Work with a financial advisor to review your options.

What are the priorities in retirement planning in my 40s?

In your 40s, prioritize retirement savings and review your financial plan. Consider your retirement goals and update your investment strategy. Focus on managing debt and explore different types of accounts for tax strategy purposes.

How can I plan for retirement in my 50s?

In your 50s, it’s important to dial down the investment risk and ensure you have enough retirement savings. Consider shifting your portfolio to a moderate to moderate plus risk strategy. Take advantage of catch-up contributions and pay off debt. Start exploring Social Security options and prepare for healthcare expenses in retirement.

What should I focus on in retirement planning in my 60s?

In your 60s, develop an income and tax strategy to ensure your investment accounts are set up correctly to pay you in retirement. Work with a financial advisor to determine the best withdrawal strategy. Update your estate planning documents and review your health insurance options.

How can I ensure a stress-free retirement?

Retirement planning is a journey that requires ongoing effort and guidance. Starting early and following a comprehensive plan can help ensure a brighter retirement journey. Working with a financial advisor throughout each phase of retirement planning is recommended to stay on track and achieve a stress-free retirement.

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