Rest Confident, Your Money is Safe and Secure at Kirtland Credit Union, a message from our President & CEO. Learn More

All Kirtland CU branches and locations will be closed on Wednesday, June 19 in observance of Juneteenth.

Kirtland Credit Union will never ask you to provide, update, or verify personal or account information through an unsolicited email, phone call, or text message.

We will NEVER ask for your online banking access codes, credentials or for you to transfer money.

If you receive an unsolicited email, phone call, or text message, DO NOT RESPOND. Notify us at (505) 254-4369 or 1-800-880-5328.

Learn more about fraud awareness and prevention at our Security Center page.

Concerned about how a government shutdown may impact you? Call us at 1.800.880.5328 to discuss your needs.

We're Invested

Retirement, investments, financial planning for every stage of life—learn about it all here at Invested,
a blog from your Wealth Management Advisors at Kirtland Financial Services.

How Retirement Spending Changes With Time

By Kirtland Financial Services

Facebook
Twitter
LinkedIn

New retirees sometimes worry that they are spending too much, too soon. Should they scale back? Are they at risk of outliving their money?

This concern is legitimate. Rates of spending are not uniform throughout retirement.

  1. The initial stage of retirement can be expensive. New retirees are eager to execute the plans they’ve made. As they travel, make purchases, and enjoy their new life, spending peaks.
  2. Retirees in their sixties should realize that their spending will likely decline as they age.
  3. When retirees are well into their seventies, spending decreases further. In fact, Government Accountability Office data shows that people age 75–79 spend 41% less on average than people in their peak spending years (usually in the late 40s).
  4. Spending lowers even furthers as retirees enter their eighties. Once many retirees are into their eighties, they have traveled and pursued their goals to a great degree. Spending time with grandkids, rather than spending money, becomes the focus.
  5. One study finds that medical costs burden retirees mostly at the end of life. BlackRock’s 2017 study on retiree spending patterns found medical expenses only spiked for most retirees in the last two years of their lives. 
 

The Wealth Management Advisors at Kirtland Financial Services can help you plan for these shifts in spending while you’re building your retirement plan.

Your Initial Consultation Is FREE!

At Kirtland Financial Services, a team of experienced Wealth Management Advisors is ready to help you bring your goals into focus and help you make a plan to work toward the financial future you want.

Your first visit is absolutely free! Sit down with your Wealth Management Advisor—they’ll get to know you and your goals, and you’ll learn about a wide variety of investing options.

To access your investment account – click the button below. The login page for LPL will open in a new window.

If you have access issues, CONTACT KIRTLAND FINANCIAL SERVICES.

Don't Be a Victim!

You need to know about credit union impersonation scams so you can avoid becoming a victim of these nefarious tactics.

Online and Mobile Banking will be unavailable on Thursday, May 9 from 10:00 p.m. to 6:00 a.m. Friday, May 10.