--- title: Busey Money Matters Blog | Retirement Planning description: Retirement Planning | Money Matters covers a variety of topics focused around our five lines of business—personal, mortgage, commercial, cash management and wealth management. --- - [Personal](https://www.busey.com/personal) - [Business](https://www.busey.com/business) - [Wealth Management](https://www.busey.com/wealth-management) - [Mortgage](https://www.busey.com/mortgage) - [Ag Services](https://www.busey.com/ag-services) - Community - [Busey Drives Generosity](https://www.busey.com/busey-drives-generosity) - [Community Banking](https://www.busey.com/personal/community-banking) - [Community Calendar](https://www.busey.com/about-us/community-calendar) - [Community Shred Day Events](https://www.busey.com/about-us/shred-days) - [Financial Education Center](https://www.busey.com/personal/financial-pathways) - [Busey Bank Bridge Scholorship](https://www.busey.com/busey/busey-bank-bridge-scholarship) - [Community Reinvestment Notice](https://www.busey.com/about-us/community-reinvestment-notice) - 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[Holiday Observances](https://www.busey.com/busey/customer-care/holiday-observances) - [Disclosures](https://www.busey.com/busey/customer-care/disclosures) - [Publications](https://www.busey.com/money-matters/publications) - Customer Care - [Contact Us](https://www.busey.com/busey/customer-care/contact-us) - Locations - [Locations & Hours](https://www.busey.com/busey/customer-care/locations-and-hours) ![](https://moneymatters.busey.com/hubfs/Busey_October2019/MoneyMattersBlogHeader_December2023.jpg) #### [The Mechanics of Required Minimum Distributions](https://moneymatters.busey.com/busey-bank-the-mechanics-of-required-minimum-distributions) [Wealth](https://moneymatters.busey.com/tag/wealth), [Retirement Planning](https://moneymatters.busey.com/tag/retirement-planning) [Clayton Wiecher](https://moneymatters.busey.com/author/clayton-wiecher) Commonly known as RMDs, required minimum distributions are amounts that the federal government requires you to withdraw... 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[Read More](https://moneymatters.busey.com/busey-bank-maximizing-your-social-security-monetarily-and-emotionally) [![A man and woman sit on a couch, holding coffee cups.](https://moneymatters.busey.com/hubfs/MoneyMatters/2504_BAN_MM_July_Q3W4_350x350.png)](https://moneymatters.busey.com/busey-bank-maximizing-your-social-security-monetarily-and-emotionally) #### [The Future of Social Security Benefits: What You Need to Know](https://moneymatters.busey.com/busey-bank-the-future-of-social-security-benefits-what-you-need-to-know) [Wealth](https://moneymatters.busey.com/tag/wealth), [Retirement Planning](https://moneymatters.busey.com/tag/retirement-planning) [Busey Bank](https://moneymatters.busey.com/author/busey-bank) According to the Social Security Administration, an average of nearly [69 million Americans per month](https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf) will receive a... [Read More](https://moneymatters.busey.com/busey-bank-the-future-of-social-security-benefits-what-you-need-to-know) [![A woman with glasses standing on the street.](https://moneymatters.busey.com/hubfs/MoneyMatters/2504_BAN_MM_July_Q3W2_350x350.png)](https://moneymatters.busey.com/busey-bank-the-future-of-social-security-benefits-what-you-need-to-know) #### [Closing a Retirement Income Gap](https://moneymatters.busey.com/busey-bank-closing-a-retirement-income-gap) [Retirement Planning](https://moneymatters.busey.com/tag/retirement-planning) [Busey Bank](https://moneymatters.busey.com/author/busey-bank) When you think about retirement, you may base your income needs on the type of lifestyle you plan to have and when you... [Read More](https://moneymatters.busey.com/busey-bank-closing-a-retirement-income-gap) [![An older man kisses an older woman on the check, while she laughs.](https://moneymatters.busey.com/hubfs/MoneyMatters/2501_BAN_MM_February_Q1W4_350x350.jpeg)](https://moneymatters.busey.com/busey-bank-closing-a-retirement-income-gap) #### [Estimating Your Retirement Income Needs](https://moneymatters.busey.com/busey-bank-estimating-your-retirement-income-needs-1) [Retirement Planning](https://moneymatters.busey.com/tag/retirement-planning) [Busey Bank](https://moneymatters.busey.com/author/busey-bank) You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to... 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[Read More](https://moneymatters.busey.com/busey-bank-should-you-take-an-offer-to-retire-early) [![A man and woman standing facing each other in a kitchen, while holding coffee cups.](https://moneymatters.busey.com/hubfs/MoneyMatters/2501_BAN_MM_February_Q1W2_350x350.jpeg)](https://moneymatters.busey.com/busey-bank-should-you-take-an-offer-to-retire-early) #### [Medicare Prescription Drug Coverage](https://moneymatters.busey.com/busey-bank-medicare-prescription-drug-coverage) [Wealth](https://moneymatters.busey.com/tag/wealth), [Retirement Planning](https://moneymatters.busey.com/tag/retirement-planning) [Busey Bank](https://moneymatters.busey.com/author/busey-bank) If you're covered by Medicare, here's some welcome news—Medicare drug coverage can help you handle the rising cost of... [Read More](https://moneymatters.busey.com/busey-bank-medicare-prescription-drug-coverage) [![A man and woman sit in front of a laptop, looking at a prescription bottle.](https://moneymatters.busey.com/hubfs/MoneyMatters/2406_BAN_MM_September_Q3W4_350x350.jpg)](https://moneymatters.busey.com/busey-bank-medicare-prescription-drug-coverage) #### [Health Savings Accounts: Just What the Doctor Ordered?](https://moneymatters.busey.com/busey-bank-health-savings-accounts-just-what-the-doctor-ordered) [Wealth](https://moneymatters.busey.com/tag/wealth), [Retirement Planning](https://moneymatters.busey.com/tag/retirement-planning) [Alex Flower](https://moneymatters.busey.com/author/alex-flower) Navigating health insurance can be complex, but Health Savings Accounts (HSAs)—which are made available through High... [Read More](https://moneymatters.busey.com/busey-bank-health-savings-accounts-just-what-the-doctor-ordered) [![A doctor listens to a man's heart with his stethoscope.](https://moneymatters.busey.com/hubfs/MoneyMatters/2406_BAN_MM_September_Q3W3_350x350.jpg)](https://moneymatters.busey.com/busey-bank-health-savings-accounts-just-what-the-doctor-ordered) #### [Making Decisions About Medicare](https://moneymatters.busey.com/busey-bank-making-decisions-about-medicare-1) [Personal](https://moneymatters.busey.com/tag/personal), [Wealth](https://moneymatters.busey.com/tag/wealth), [Retirement Planning](https://moneymatters.busey.com/tag/retirement-planning) [Busey Bank](https://moneymatters.busey.com/author/busey-bank) How do you sort through your Medicare coverage options? When—and how—do you enroll? And what if you have other health... 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