Statewide Financial Group, Inc

12/26/2022

Private office room for rent! Includes Wi-Fi, cleaning service weekly, free parking, kitchen, use of conference room as needed, and all utilities included. Located less than five minutes from the beach, behind Fresh Market of Jupiter. Two office rooms available starting at $550 a month, beginning January 1st.

Office number 5617440500
Or call/ text 5612522017

03/25/2022

Women's specific risks and challenges,
Three retirement realities for women,
Why only 37% of women work with a financial advisor,
Longevity: Men vs. Women,
New Secure Act Traditional-Spouse Inherited IRA RMD Rules

LEARN WHAT YOU NEED TO KNOW! Register for our upcoming event April 5th & 7th:
https://lnkd.in/dhh_kf5u

03/24/2022

Women's Retirement Roadmap
Assessing The Current Risk of The US Economy- Women's Financial Educational Workshop Invitation LET'S GET TOGETHER....AND LEARN WHAT YOU NEED TO KNOW!

Assessing The Current Risk Of The US Economy- Women's Financial Educational Workshop Invitation LET'S GET TOGETHER....AND LEARN WHAT YOU NEED TO KNOW!

03/21/2022

So many people spend years planning for the financial aspect of retirement without considering the emotional toll the transition can take. Don’t forget to plan ahead for how you will handle this adjustment.

8 Tips for Adjusting to Retirement:

Many people are surprised to discover that retirement stirs up a lot of emotions. Here are some strategies for adjusting to retirement smoothly.

08/25/2021

Inflation and Retirement. Hope you are doing well! Many people are concerned about inflation on a national and global level. But a lot of my clients’ concerns are much closer to home. On a personal level, inflation unquestionably affects how much your retirement dollars will be worth. Over time, it can seriously dwindle your nest egg, which is the opposite of the direction you’re trying to go in.

With that in mind, I wanted to reach out today with some helpful guidance regarding inflation’s impact on your retirement. You can also take some steps to mitigate its impact, which I also wanted to share.

Inflation’s impact on retirement:
- According to research, a 1% inflation rate over twenty years would eat up $34,406 of your Social Security benefits alone. If the inflation rate increases to 3%, the difference would be over $117,000.

- Inflation becomes even more problematic when the Social Security Administration doesn't issue an annual cost-of-living increase for those receiving benefits​.

- In 2018, the Centers for Medicare and Medicaid Services estimated that healthcare expenditures increased by 4.6% over the previous year. Over that same period, inflation averaged 2.4%. Translation? Even when inflation is low, you may be hit harder than others because the expenses that affect you most continue to rise.

- Healthcare isn't the only thing that can drive up your expenses. Housing, travel, and supporting children and grandchildren also influence how much you spend and how fast your retirement savings deplete.

How to mitigate inflation’s effects:
- Consider downsizing. Trading in a larger home for a smaller one, even if the mortgage is paid off, reduces your costs associated with property taxes, utilities, homeowners insurance, and maintenance.

- Expand your investments. Add investments to your portfolio that are likely to increase in value as inflation rises, such as Real Estate Investment Trusts (REIT) or energy sector stocks.

- Balance with bonds. Balance stock investments with more conservative options, such as bonds, which are more predictable and tend to offer stable returns.

Inflation can lessen your retirement savings, but it doesn't have to affect your dreams for the golden years. Reach out, and let’s pull together a plan to help you overcome inflation’s subtle influence. I’m here and happy to help.

Stuart D. Boxenbaum, CFP
Statewide Financial Group, Inc.
116 Intracoastal Pointe Dr. #200
Jupiter, FL 33477
561-744-0500
[email protected]
flmoneyview.com

Investment advisory services offered through Virtue Capital Management, LLC (VCM), a registered investment advisor. VCM and Statewide Financial Group, Inc. are independent of each other. Insurance and annuity products are not sold through Virtue Capital Management, LLC (“VCM”). VCM does not endorse any annuity or insurance product nor does it guarantee any annuity or insurance product’s performance. Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Any guarantees mentioned are backed by the financial strength and claims paying ability of the issuing insurance company

07/08/2021

10 way to organize your finances. Have you ever walked around your home looking for something you know is there, but you can’t seem to find it anywhere? When things are disorganized, you waste time, get frustrated, and face unnecessary stress.

The same is true for your finances. If you’re ready to organize your finances once and for all, here are ten ways to get started.

Cut the fluff. Most folks pay for services they rarely (or ever) use. Scan your bank account transactions to find services you no longer need or want and cancel automatic payments.

Automate payments. Make sure bills get paid on time every month by automating your payments. Most banks offer this service, so check there first — it’s nice to have all your bills in one place instead of scattered all over.

Deal with bills the day they arrive. If your payments aren’t automated, commit to paying them the day they arrive. That way, they won’t get lost, tossed, or forgotten.

Stash away your savings. If you’re saving for big purchases like a new car, a home renovation, or an anniversary trip, put that money in a separate account where you won’t be tempted to spend it on other things.

Gather your info. Create a secure document or file that contains all your financial information, including usernames and passwords. Not only is it helpful when tax time rolls around, but it’s also a blessing to your loved ones should you be unable to handle your own finances.

Get your free annual credit report. It only takes a few minutes, but it’s a great indicator of your financial health and security.

Talk with family members. If you share financial accounts with a spouse, an aging parent, or teenage children, talk openly about budgets and spending. Make sure everyone is on the same page about upcoming expenses and long-term goals.

Shred old documents. As you wade through years of financial statements, have a shredder nearby. What can you shred? Paycheck stubs once you get your annual W-2, tax returns older than seven years, and expired credit card or loan offers.

Consider software and apps. If you’re still using pen and paper to track your finances, look into the latest software and apps. Many of them are free, intuitive, and sync easily with your bank.

Get professional help. Sometimes the best (and quickest) way to get a handle on your finances is to bring a professional on board. If you need a jumpstart, give us a call.

While organizing takes time in the beginning, having all of your financial information in order makes day-to-day management easier and stress-free. If you have questions about how you can best organize your finances, give me a call 561-744-0500.

Stuart D. Boxenbaum, the president and founder of Statewide Financial Group | Certified Financial Pl

05/18/2021

Free Retirement Workshop May 25th at 1PM. I will be hosting a free retirement workshop on May 25th @ 1pm! Learn how you could SAVE THOUSANDS in taxes on your retirement income. Sign up today!

Click on the link to reserve a seat and select your free lunch choice from Nature's Way. https://events.r3retirementeducators.com/boxenbaum_retirement_workshop_5-25-20_1pm/

Date & Time: Tuesday, May 25th, 2021, starting at 1:00 PM

Location of Seminar: The River Center at Burt Reynolds Park 805 US-1 Jupiter, FL 33477
Contact Information: Stuart D. Boxenbaum, CFP | 561-744-0500 | [email protected]

Additional Event Information: Please be sure click on the link to reserve your seat and choose your lunch selection. We are asking everyone to please arrive a few minutes early and enjoy a free lunch from Nature's Way!

https://events.r3retirementeducators.com/boxenbaum_retirement_workshop_5-25-20_1pm/

03/31/2021

Required Minimum Distributions (RMDs): Due to the pandemic, RMDs were not mandatory in 2020 for all retirement accounts subject to them. The waiver in 2020 applied to everyone regardless of age. In 2021, however, they must be taken if you are of RMD age. As part of the SECURE Act that was passed in 2019, the RMD kickoff for IRA owners was upped from 70 ½ to 72. For 2021, the easiest way to determine if you are subject to the requirement is your age on December 31st, 2019. If you were age 70½ or older on this date, you must take an RMD in 2021 because they would have already started in 2020 (you may not have because of the 2020 suspension). With the new age rule being raised to 72, you are required to take an RMD in 2021 if you were born in 1949 or earlier, which means you’ll be 72 or older by Dec 31st, 2021. As a reminder, RMDs do not apply to Roth IRAs. Beneficiary IRAs and Inherited IRAs can have different guidelines.

Listen to my show, MoneyView, on Legends Radio 100.3FM Saturday mornings at 7:30AM for a 30-minute discussion. Legends 100.3 is a Full Power Live & Local FM radio station based in Florida's beautiful Palm Beaches!

RMD's will be discussed this Saturday, April 3rd @ 7:30 AM.



*Investment advisory services offered through Virtue Capital Management, LLC (VCM), a registered investment advisor. VCM and Statewide Financial Group, Inc. are independent of each other. Information provided is not intended as tax or legal advice and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional. The information and opinions contained herein are provided by the individuals themselves and have been obtained from sources believed to be reliable, however, VCM makes no representation as to its completeness or accuracy. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. The opinions expressed by Statewide Financial Group, Inc. and guests on this radio show are their own and do not reflect the opinions of this radio station.

02/11/2021

We would like to inform you that Stuart Boxenbaum, President and Founder of Statewide Financial Group, will be:

LIVE ON LEGENDS RADIO 100.3 FM

Legends 100.3 is a full power live and local FM radio station based in Florida’s beautiful Palm Beaches. Join Stu Saturday mornings at 7:30 AM for a 30-minute discussion.

12/17/2020

As you get closer to retirement, it is always a good idea to have an outside 3rd party to review your existing plan. As a CFP, I provide financial services for seniors, younger adults, individuals, families, state employees and businesses. It is family operated and concentrates on providing personal consultations where need-based goals are discussed and analyzed.

We specialize in Investment Management, Estate Planning, Income Analysis, Life Insurance Analysis, Long term Care Insurance, Retirement Planning, Annuity Analysis, Charitable Giving, and Small Business Consulting.

Please feel free to call me any time for a free consultation at 561-744-0500 or you can schedule a meeting with me on my Calendly (Link below).

Stuart Boxenbaum, CFP
Statewide Financial Group, Inc.
116 Intracoastal Pointe Drive #200
Jupiter, FL 33477

Phone: 561-744-0500
Email: [email protected]
Calendly: https://calendly.com/stuar.../15-minute-phone-consultation-1
Website: www.flmoneyview.com

12/01/2020

Some people don’t know how they can save more for their retirement. The best way to do this is by introducing an annuity in your retirement income plan. Annuities can help you save from tax benefits, and have other perks as well. There are many annuity types provided by insurance companies. You don’t need to look at different websites to search for every annuity type. In this article, you will learn about different types of annuities in retirement income and how they can benefit you in the long term. 5 types of annuities are

Some people often confuse how they can save for retirement. The best way to do this is by introducing Annuities in your retirement income...

11/30/2020

Whether you are near your retirement age or just starting your career, sometimes your savings, retirement plans, and finances may make you anxious. As a result, you start looking for the right lifetime income products in addition to your retirement plans. An annuity is one such lifetime income product that will help you financially secure yourself in retirement investment. Originally annuities were designed for people who were retiring and, therefore, needed a fixed monthly income. So, why not add it to your retirement plans? If you are planning to add annuities to your retirement investment, here is everything you need to know

An annuity is one such lifetime income product that helps financially secure in retirement investment. If you are planning to add annuities...