Has the Economy Impacted Your Retirement Income Plan?

Personalized Retirement Planning

Build a Brighter Future

SouthState Investment Services can help position you towards growing and preserving your wealth with a personalized retirement plan.

From time to time it’s important to measure your retirement savings progress to make sure you are still on track. Checking in with your financial professional often helps you determine how things are going and what parts of your retirement planning strategy may need fine-tuning.

Let's Start a Conversation

As your goals and priorities change, your local SouthState Investment Services Financial Consultant can assist you in refocusing your long-term investment strategy and retirement planning approach to help position you toward preserving and growing your wealth.

Your local advisor can offer a full range of investment and customized planning options including:
  • Comprehensive Goals Based Financial Planning
  • Investment Strategy and Portfolio Review
  • Retirement and Income Planning
  • Protecting your Family through Life Insurance and Long Term Care
  • 401k Options
  • Tax-Efficient Planning
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What's on Your Mind?

Perhaps you are thinking about retirement savings or retirement income. Maybe your investments or your tax situation are prompting questions. Whatever your needs may be, we’re here to serve as a valued partner to guide you along your journey. Reach out to schedule a meeting or start a conversation.

Some things that are an important part of a retirement strategy include:
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Assessment of Financial Situation

Begin by evaluating your current financial situation. Take stock of your savings, investments, pension plans, Social Security benefits, and other sources of retirement income.

Define Retirement Lifestyle

Determine the type of lifestyle you want to lead in retirement. Consider factors such as housing, travel, healthcare, hobbies, and other expenses. This will help you estimate your needs.

Budgeting and Expense Management

Create a detailed budget that outlines your anticipated expenses in retirement. This will help you understand how much income you'll require to cover your ongoing costs.

Social Security Optimization

Understand your Social Security benefits and the optimal age at which to start claiming them. Delaying benefits can lead to higher monthly payments, which can impact your overall retirement income.

Pension Planning

If you have a pension plan, explore the different options available to you. Each option has implications for your retirement income and the financial security of your spouse or beneficiaries.

Investment Strategy

Develop a comprehensive investment strategy that balances growth and preservation of capital. Your investments should generate income while accounting for potential inflation and market fluctuations.

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Withdrawal Strategy

Determine how you will withdraw funds from your retirement accounts. The "4% rule" suggests that you withdraw about 4% of your initial portfolio balance annually, adjusting for inflation.

Tax Planning

Explore tax-efficient withdrawal strategies to minimize the tax impact on your retirement income. This could involve withdrawing from taxable, tax-deferred, and tax-free accounts strategically.

Healthcare and Long-Term Care

Account for healthcare expenses in your retirement income plan. Research Medicare options and consider long-term care insurance to mitigate potential medical costs.

Income for Life

Consider incorporating annuities or other financial products that offer guaranteed income streams for a portion of the money in your plan. These can sometimes provide a stable source of income.

Inflation Protection

Factor in the impact of inflation on your retirement income. Over time, the cost of living is likely to increase, so your income needs to keep pace.

Leaving a Legacy

Address how you want your assets distributed upon your passing. Plan for the potential financial needs of your spouse, dependents, or beneficiaries.

Regular Review and Adjustments

A retirement income plan is not a one-time task. Regularly review your plan and make adjustments based on changes in your financial situation, goals, and market conditions.

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    Your Bank (“SouthState Bank”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services.
    Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.

    *Please consult your tax-advisor for tax related issues.
    **Products and services offered through LPL Financial.

    Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC.). Insurance products are offered through LPL or its licensed affiliates. SouthState Bank, N.A. and SouthState Investment Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using SouthState Investment Services and may also be employees of SouthState Bank, N.A. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, SouthState Bank, N.A. or SouthState Investment Services. Securities and insurance offered through LPL or its affiliates are:

    The services offered within this investment site are available exclusively through our U.S. registered representatives and are available for U.S. residents only. LPL Financial U.S. registered representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

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