Beaufort, South Carolina

Retirement Plans

We all know we need to save for retirement. We just don’t know where to start.

A Financial Services Professional from Statewide Insurance Group can guide you through every step of the planning process. And no matter what retirement means to you, there’s no substitute for planning to make it a good one.

People are living longer today than they did not too many years ago. Your retirement could last 30 years or longer, and that makes it vulnerable to inflation as well as other market forces. Statewide Insurance Group has a wide range of retirement programs to work with most income levels and goals.

  • Annuity. These long-term investments provide secure savings with guarantees of principle. You contribute premiums, and are guaranteed a fixed or variable payment at some future time. Annuities offer the opportunity for tax-deferred savings growth and provide retirement income that cannot be outlived.
  • Traditional IRA (Individual Retirement Account). An IRA is a tax-deferred retirement savings plan. This means that the money you invest in your IRA grows tax-deferred until you withdraw it. You may even be able to deduct all or a portion of your IRA contribution from your personal income taxes.
  • Roth IRA. The Roth IRA presents an attractive long-term saving opportunity. With a Roth IRA, not only will your account grow tax-deferred, but your earnings are tax-free if you have held the account for at least five years, and you withdraw money for qualified reasons.
  • Keogh plans. Designed for the self-employed, Keogh plans are similar to IRAs but are funded completely by employee contributions and provide either a lump-sum payment or periodic withdrawals upon retirement.

"I wanted to thank you and acknowledge your outstanding assistance with our insurance needs during this past year. Even though this is a second home for us on Fripp Island, complicated by distance and a variety of insurance needs, you simplified the process and solicited a number of competitive bids for us to choose from. Finally, your quick response and follow up to any issues that have arisen is much appreciated! "

Bill & Andrea Pierce

Fripp Island, SC

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