Due Retirement

Retirement Plan

Due provides a range of retirement accounts to make your retirement planning easy, secure, and hassle-free. 


Earn 3% on your contributions, with no hidden fees.

Retirement Plan​

Stay on track of your retirement

With a Due retirement plan, you’ll always be able to see your contributions and track their growth.


As your funds grow at an annual rate of 3%, you’ll be able to watch your savings compound each month, moving you closer to your retirement.


You can also add bonuses to boost your distributions and enjoy a richer life after work.

Predictable Retirement Rate

Predictable Retirement Rate = A Secure Future

At Due, we make saving for retirement easy. We guarantee that your retirement funds will enjoy a 3% growth rate every year. Whether the market booms or busts, you’ll always know exactly how quickly your retirement savings are growing.  


Retire after the age of 65, and enjoy a monthly, guaranteed income.

Why Choose Due for Your Retirement Fund?

Planning for your retirement can be complex and risky. Interest rates can vary so that you never know exactly how much you’ll receive when you retire or whether you’re still on track to the retirement you want. With so many plans and so many options, it’s too easy to procrastinate, losing many of the benefits of compound interest and reducing your retirement income.


At Due, we think retirement planning should be simple and predictable.


That’s why we pay a fixed rate and guarantee a monthly income after you retire. It’s easy.

Max Out Retirement Accounts
Keep control of your retirement

Keep Control

Your retirement fund will grow at a guaranteed rate but you can still improve your retirement by increasing contributions.


Save more each month as your income grows. Make one-off contributions when you land a bonus. You can even reduce your contributions if your income tightens. Your Due retirement fund can change as your life changes.


Retirement Plan

What is a reasonable amount of money to retire with?

Ideally, you want to retire with as much money as possible. At a minimum, you want to retire with enough money to live the way you’ve always lived and to enjoy all of the activities you’ve been putting off: to take cruises; to visit family; to buy an RV and disappear across the country.

In general, financial experts suggest that you should have saved ten times your last salary. So if you’re earning $75,000 in your last year of work, you should have put away $750,000 in your pension pot.

Another approach is the 4% Rule. The idea is that you should be able to live on 4% of your retirement savings each year. To find out how much savings you need, add up your current annual expenditure and multiply by 25. So if you spend $50,000 each year, you’d need $1.25 million in your pension to pot to continue spending at that rate.

What are the different types of retirement?

The finance industry offers a wide range of different funds, each of which can come with its own set of limits, tax benefits, and growth rates.

401(k) plans are sponsored by employers. Employees make contributions out of their pre-tax dollars, and can add extra contributions which their employers might match. Versions are available for the self-employed. Roth 401(k) plans let you make contributions with post-tax dollars if you think you’ll be in a higher tax bracket when you retire.

Traditional Individual Retirement Arrangements (IRAs) are retirement funds which you fund yourself, with no connection to your job. Like 401(k) plans, IRAs can be tax-deferred or funded with after-tax dollars. They do, however, have much lower limits than 401(k) plans.

Other retirement plans include Simple IRA plans, Simplified Employee Pensions, and annuities. Retirement plans can be fixed rate or variable rate. In short, there are many different ways to fund a retirement plan depending on your employment status and tax liability.

What is the right retirement age?

For many people, the right retirement age is “as soon as possible.” For most people, it won’t be before 59.5, which is when you can start taking distributions without a penalty. At 62, you can begin taking social security, and between the ages of 66 and 67 you’ll reach your full retirement age. At 70.5, you must start receiving distributions from any pre-tax retirement plans.

So each age has its own advantages and disadvantages. Putting off taking Social Security until you’re 70 will add 8% to your distributions for each year you delay but will cost you up to eight years of contributions that you could have received.

The consequence of those complications is that there is no one right retirement age. You’ll have to pick the right time based on your financial situation, your employment status, and your health.

Can I open a retirement account for myself?

Yes. If your employer doesn’t offer a retirement plan, if you’re self-employed, or if you just want to add another retirement fund for your future, you can create your own retirement account. You can open a Solo 401(k), which would allow you as an employer to match the contributions that you make as an employee.

You can also create your own IRAs, both Roth and traditional. You really can take control over your own retirement account!

How do I fund my retirement?

Funding your retirement requires making regular contributions to your retirement fund. You should be able to do that on a tax-preferred basis. If you believe you’ll be in a lower income tax bracket after you’ve retired, you can put off paying taxes on your contributions until you’ve stopped working. But you have to make the payments. You have to do it every month, and you have to leave the money untouched until you’re ready to retire.

If you have a 401(k) from your employer, make sure that you’re taking all of the matching funds available—even if that means that you have to put more in yourself. Fail to take everything that the employer is willing to invest for you, and you’ll just be leaving money on the table.

You can also open your own IRA, and if you’re over 50, you can make the most of catch-up payments. They let you add more money to your retirement funds on a tax-deferred basis. You’ll get to fund your retirement and reduce your tax bill.

What are the five stages of retirement?

Retirement should be a time to celebrate. It’s a chance to do all of the things you’ve always wanted to do but were too busy to fit into your schedule. Now you can burn the schedule and fill your calendar with cruises and shows and time with the grandchildren. But it’s also a change. It’s the end of your career and the start of a whole new way of life. The adjustment takes time, and it happens in stages.

The first stage is a kind of pre-retirement. This is when you start thinking about what you’ll do after you’ve retired. You check your finances and review your interests. You take stock, accept your achievements, make peace with the things you haven’t done, and start planning all the places you’ll go once you don’t have to commute to work.

The second stage is the first year or two of the retirement itself. This is the best moment of your retirement. You’ll feel relieved, excited, and liberated. You’ll see friends, take up new hobbies, and have a thoroughly wonderful time.

In the third phase, you start to feel disillusionment. You’ve reconnected with everyone you wanted to meet again. Your golf swing still hasn’t improved. The garden is as nice as it’s going to look. You’ve crossed off the top places on your travel list. Now you’re starting to feel a little bored.

The fourth phase involves reorientation. This is when you realize that you’ve done what you wanted to do and you’re now a pensioner. It’s a new way of living and it requires taking on a new identity and a new attitude.

Finally, the last period is one of stability. You’ve built a new routine. You’re comfortable with what you’re doing. The only concern is health but as long as that remains stable, you’ll be able to enjoy your remaining years.

Can I retire at 55 with 300K?

Probably not. At the age of 55, you won’t be eligible for Social Security so you’ll be entirely dependent on that $300,000.

If you apply the 4% rule, you’ll have an income of just $12,000 a year. If you can live on $1,000 a month, perhaps by moving to a place with a very low cost of living, then you can retire. More realistically though, you’ll have to top up that income with at least part-time work.

Something to think about is that inflation is around 2% each year. So after 10 years, that same $1000 you have every month will be the equivalent of $800 a month. After 20 more years, it’s gone down significantly. Think of the long term when making these decisions.

How much does the average American have in savings?

The amount of savings held by Americans varies considerably by age of course, but also by education and race. Overall, according to a 2016 survey by the Federal Reserve, the average American family had about $40,000 in liquid savings.  

People aged between 55 and 64 averaged $57,200, rising to $67,700 for people aged between 65 and 74. People with a college degree have about $85,600 in savings, compared to $16,700 for people with only a high school diploma.  

It pays to get an education and it pays to spend less than you earn.

How much cash should I keep in the bank?

The money that you keep in the bank is your emergency reserve. It’s the money you need to tide you over if you lose your job or need to pay for a sudden emergency. The amount that experts recommend that you keep on tap varies considerably. Some say that you should keep as much as eight months of expenses close to hand. If your living expenses are $5,000 a month, you’ll need $40,000 in your checking and savings account.

Other experts, though, say that you can make do with as little as three months, and some say none at all if you’re debt-free and have other assets that you can tap.

The point is that keeping money in the bank keeps it liquid and accessible but at the cost of low growth. Aim for somewhere between three and eight months of living expenses but make sure that you’re getting as much interest as accessibility can give you.

Where do millionaires keep their money?

Millionaires don’t actually keep their money in gold bars stored in a safe carefully hidden behind a painting on a wall, despite what many people may think.

Much of their money is in bricks and mortar. It will be in their primary residence, in their vacation home, or in rental properties. Some of their funds will be in the stock market and much of it will be in retirement funds which have allowed them to stash money away for the future and reduce their tax bill.

Move past $10+ millionaires though, and a greater share of their wealth will be in the value of their businesses. That’s money that’s hard to move but has plenty of potential for growth.

Retirement Glossary


An IRA, or Individual Retirement Account, is a retirement savings plan established and funded by individuals separately from a retirement fund offered by an employer.


401(k) Plans

401(k) plans are retirement funds offered by employers who choose the plan and make contributions automatically from their employees’ salaries. Employers may also offer matching funds when employers increase their contributions.


Matching Contributions

To encourage employees to make additional contributions to their 401(k) plans, employers might offer matching contributions. Matches aren’t always 1:1 and they usually come with a limit. But they do provide a way for employees to increase their incomes in the long run.


Vesting Periods

Vesting periods describe the time an employee must remain with an employer in order to receive their matching funds. Cliff vesting delivers all the matching funds once the service requirements have been met. Graded vesting awards a portion of the matching funds according to the number of years of service.



An employee who leaves a company can roll the funds in their 401(k) plan over to their new employer. They may also choose to leave their funds in situ depending on the amount they’ve saved.


Traditional Retirement Plans

Traditional retirement plans, whether IRAs or 401(k) plans, allow individuals to make their contributions using pre-tax dollars. Instead of paying income tax when they earn those funds, they put them in their retirement fund and pay income tax when they retire. The tax deferment is intended to encourage people to save for their retirement by assuming a lower tax rate when work ends.


Roth Plans

Roth Plans, whether IRAs or 401(k) plans, allow individuals to make their contributions using post-tax dollars. The funds then remain tax-free when they retire. Roth plans are useful options for people who expect to be in a higher tax bracket when they retire.



Annuities are retirement funds supplied by insurance companies. Investors can make monthly contributions or pay a lump sum and receive a regular income in return. Various options can allow beneficiaries to continue to receive payments from an annuity.


Variable Rate Annuities

The rate at which an annuity grows can be fixed or varied. A variable rate annuity will be volatile, with returns rising and falling in line with the investment in the annuity. They might deliver higher returns over the long run but they carry more risk and less predictability.


Fixed Rate Annuities

Fixed rate annuities carry a pre-determined interest rate. Regardless of how the market performs, savers know exactly how quickly their savings are growing, giving their retirement plan one stable pillar.


Defined Benefit Plans

Defined benefit plans, or pensions, deliver a pre-determined payout regardless of the performance of the employee’s retirement fund. Companies have increasingly turned away from offering defined benefit plans in favor of defined contributions plans.

Defined Contribution Plans

In defined contribution plans, employees save a fixed amount each month in their retirement fund. The amount that they’ll receive when they retire, though, will depend on the performance of the fund. If the fund performs poorly, the retiree may find that they have a smaller retirement income than they expected.

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It’s the moment we work towards—or dread. After about 40 years of work and effort, we’ll be ready to hang up the keyboard or put away the work clothes. We’ll be able to ignore the Zoom invitations and spend our days doing… whatever we want. Instead of typing up emails or making sales pitches, we’ll be able to plan cruises or redesign the garden.


We’ll have time.


But enjoying retirement depends on having the resources to enjoy it. Retirement might remove the burden of work but it also removes the benefits of a salary. In order to make the most of our last years, we need to begin preparing for them a long time before we reach them. We need to put aside money so that we no longer have an income from work, we have funds that can work for us.


This guide to retirement will explain everything you need to know about the years after your work, and the financial planning you have to do now.

What You’ll Find in This Guide

This guide to retirement won’t tell you how to have a good time. We assume that you know how to do that.


Instead, we’ll talk about the four stages of retirement because few life changes are more important. You should understand what awaits you in your last—and hopefully best—decades of life. We’ll tell how to make sure that you really can enjoy those years.


We’ll start talking generally about when you can retire, how much money you’d like to have when you retire, and how much you can realistically expect to receive when you stop working.

But the details matter. There are a number of channels that you can use to save for retirement. You might receive a pension or buy an annuity. You could also fund a 401(k) and yoou will receive Social Security payments. We’ll talk through what each of them mean, what they can deliver, and what you need to know before you put money in them.


Finally, we’ll talk about what you need to do now to to plan for your future.

An Overview of Retirement

When we talk of retirement, we usually imagine a single period stretching from the last day of work to the last day of life. We may no longer have a schedule to fill but the days do look similar: a mixture of gardening, grandchildren, and golf.


In practice retirement isn’t a single, unchanging period. A report in 2016 from Age Wave and Merrill Lynch identified four different stages in retirement.

Chapters - Retirement Chapters

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