Saving Today for the Life You Want Tomorrow
Small Savings Habits Can Make a Big Difference
Why Saving Matters
Life is full of expected and unexpected expenses. Having savings can help you:
- Handle emergencies with confidence
- Reduce financial stress
- Prepare for major purchases
- Take advantage of opportunities
- Build long-term financial security
Saving isn’t just about putting money aside. It’s about creating options and flexibility for your future.
Start with a Clear Goal
People are often more successful when they save with a specific purpose in mind.
Common Savings Goals
- ✅ Emergency Fund
- ✅ Family Vacation
- ✅ Home Improvements
- ✅ Education Expenses
- ✅ Vehicle Purchase
- ✅ Retirement
When you know what you’re saving for, it becomes easier to stay motivated and track your progress.
Retirement Planning Basics
Start Saving Early
Whether you’re contributing to an employer-sponsored retirement plan or an Individual Retirement Account (IRA), getting started is often the most important step.
Determine Your Goals
- Potential retirement date
- Lifestyle you want
- Estimated living expenses
- Healthcare and insurance
- Travel and leisure goals
Prioritize Retirement Savings
Contribute as much as you’re able to retirement accounts and increase contributions when possible.
Diversify Your Savings
A diversified approach can help balance risk and support long-term financial goals.
Build Your Retirement Strategy
Statewide offers retirement savings solutions designed to help members plan for the future.
An IRA Share Certificate combines retirement savings benefits with the predictable earnings of a Share Certificate.
By investing in our IRA CDs, you get flexibility with varying terms plus potential tax benefits as you save for retirement.
Statewide’s IRA Share Account offers compounded interest at a competitive rate, plus potential upfront tax benefits. This makes for a safe and secure option for retirement savings.*
With a Roth IRA, contributions are not tax-deductible, but they can be withdrawn tax-free, including earnings.*
Featured Tool: Wellness+
Retirement planning starts with understanding your finances today.
Using Wellness+, you can view your overall financial picture and:
- Track spending
- Create budgets
- Set savings goals
- Monitor debt
- Connect external accounts
Whether you’re preparing for retirement, building an emergency fund, or saving for future goals, Wellness+ can help you stay on track.
Additional Retirement Resources
Explore tools and information to help you prepare for every stage of retirement.
Tips to balance income and debt
Take the mystery out of retirement
Ready to Start Planning for Retirement?
Whether you’re just beginning your retirement journey or reviewing an existing plan, Statewide is here to help you take the next step with confidence.