Statewide Retirement Planning Co

01/04/2023

If You Delay Retirement, You Should Also Delay This

Americans are delaying their retirement for many reasons, including rising costs of living and longevity. Workers now typically plan to work into their 70s, as opposed to the past when they would try to hang it up around age 62.
If you're one of those people considering delaying your retirement, there's another thing you should make sure you do: Delay taking Social Security.
For more help figuring out your personal retirement plans, consider matching with a vetted financial advisor for free.

(Source: Yahoo Finance)

01/02/2023

Inflation and other economic woes are forcing people to save less money and rack up credit card balances.

Now, another worrying sign the finance trackers are noticing is that an unusually large share of retirement savers are taking money from their 401(k) plans to cover a hardship.

Nearly 0.5% of workers in a 401(k) plan took a “hardship distribution” in October, according to CNBC. It is the largest share since Vanguard started tracking the issue in 2004.

(Source: Washington Times)

01/02/2023

It’s only the 1st Down. Let’s talk about the remaining moves for your retirement plans.

01/01/2023

12/21/2022

To lead a long and stress-free retirement, you must stop letting Mr Market and politicians dictate your retirement planning. Our income method aims to transform your portfolio into a paycheck generator so you will never run out of money in retirement and can better sustain unexpected expenses. We have two picks with up to 7% yields to help you take control of your financial posture to beat the long-term effects of inflation.

(Source: Seeking Alpha)

12/19/2022

Choosing how much to invest and save in order to maintain the desired lifestyle is a part of retirement planning. Setting your savings target by age can be a good way to organize your strategy and gauge how to track progress with your goals. You might also be interested in how much the typical retiree has saved at age 65, 70 and beyond. Focus on how much the average person has saved and possibly should have saved at the age of 70. Keep in mind, though, that your situation is still unique to what your goals are. You may want to work with a financial advisor to ensure that your savings goals are in-line with where you need to be later on.

(Source: Yahoo Finance)

12/19/2022

Let’s make sure you are ready for 2023. Let’s talk today!

12/19/2022

Youth is enjoyable but old age is troublesome if you do not make it secure. We can you plan something that will make you live happily after your retirement. For more visit, https://www.statewideretirementplanning.com

12/16/2022

Don't worry about your retirement; we are here to you. With us, you are going to have a , predictable, and retirement. Count on us for a secured retirement today! To know how we help, tap on - www.statewideretirementplanning.com

12/15/2022

Worried about your retirement? Curious to know what the inflation rate will be so that you can do retirement ? Have a word with of Statewide Retirement Planning Co. to have a clear idea. Learn more about -www.statewideretirementplanning.com

12/14/2022

Work longer and delay Social Security

Working longer not only delays taking money out of your retirement investments, which allows them to continue compounding earnings growth, but it also pushes back the age at which you’ll need to start collecting Social Security payments.
Take that $202,000 investment portfolio. Invested in a conservative portfolio returning 5% annually — the historical average return on stocks is 11.9% — that money would grow to $233,840 in three years. Assuming you’re following the 4% rule for withdrawals, that would amount to $9,354 per year — an increase of $1,274 each year.

(Source: Yahoo Finance)

12/12/2022

For many Americans, the idea of "retirement" still includes some type of work. More and more Americans are extending their careers into their late-60s. Some are taking part-time jobs to supplement their retirement savings and Social Security, and some see it as a way to stay active and keep their minds sharp.
Earning income from a job in retirement certainly has its benefits, but there are also some drawbacks to be aware of.

(Source: Buffalo News)