When will I retire? (My TRA)
A Target Retirement Age (TRA) is important when investing. It affects the final pension you could receive – the longer you save, the more pension you will be able to buy – and it is used in three of the long-term investment strategies, Lifecycle, Lifecycle Plus and Lifestyle.
A TRA isn’t just for those who invest in these strategies. Freestyle members should also have a retirement date in mind so that you make appropriate decisions now about your investment choices and if you are an active employee, about how much you are paying in.
The Normal Retirement Age for the M Plan is 63 or 65 (depending on when you joined IBM). This age is a good starting point for your TRA, but you should think about this age regularly, especially as you get nearer to retirement, so you can keep your plans on track.
Use the links on the right to find out more about your TRA.
MY TRA
Use these links to find out more:
- What age should it be?
- What if my TRA is wrong?
- How does the TRA affect the Lifecycle, Lifecycle Plus and Lifestyle options?
- How do I change my TRA?
You need to think about when you want to retire – your “Target Retirement Age”
