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Navigating Retirement: A Guide for Apollo Global Management Employees

'Apollo Global Management employees should carefully evaluate how state-to-state cost differences can reshape their retirement goals, as geographic decisions play a major role in long-term planning,' – Patrick Ray, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'Apollo Global Management employees can benefit from comparing state and international living costs to align their retirement plans with locations that support their long-term financial goals,' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

The financial requirements for a comfortable retirement across different U.S. states— How location impacts the savings needed for retirement.
Affordable and expensive retirement destinations— A comparison of high-cost states like Hawaii versus budget-friendly states such as Arkansas.
Alternative retirement options, including international living— Exploring cost-effective retirement choices abroad.

Many Apollo Global Management employees will retire after decades of service and careful financial planning. What is needed to retire comfortably varies greatly state by state, and some places require much larger reserves.

What Does Your Retirement Need?

GoBankingRates recently researched the amount needed to retire comfortably and found it to be fairly conservative. It uses data from the Federal Reserve Economic Data, the Zillow Home Value Index and the Social Security Administration.

The report examines savings needed for each age bracket assuming retirement at 65 and age 85. That assumes average Social Security payments of around USD 1,876 per month per person, which accounts for the required 20-year savings.

Cost Variations by State

For Apollo Global Management workers in New Jersey, Colorado and Maryland, more than USD 1 million may be needed to live comfortably after retirement. The most expensive state is Hawaii, which requires more than USD 3 million in estimated savings to cover retirement costs including Social Security benefits.

Conversely, states like Arkansas and Mississippi have more modest retirement scenarios with estimated savings needs of less than USD 500,000. Such areas might attract retirees who want affordability with a desirable lifestyle.

Considering International Retirement?

Those open to living abroad find Mexico and Portugal an economical but fulfilling retirement option. Lower living costs, tax incentives and structured residency programs may all help with financial security in retirement.

Choosing the Right Location

Apollo Global Management professionals need to consider geographic options and how they affect long-term financial security. For more on state-specific retirement affordability, visit GoBankingRates (link).

It also names top U.S. cities for retirement - Naples, Florida, or Sun City, Arizona. There is affordability, quality healthcare and a strong community life in these locations - factors that are becoming more important for retirement planning.

Final Thoughts

Apollo Global Management workers may want to read the latest GoBankingRates findings about what retirement savings are needed. This analysis details financial considerations for a secure retirement - whether in West Virginia or Hawaii - a high-cost financial destination.

Planning for retirement is preparing for an extended voyage. As sailors map their routes and anticipate changes in the sea, so must retirees navigate financial landscapes to create a structured retirement plan. All states have their advantages and disadvantages, like the conditions that mariners face.

Articles you may find interesting:

Source:

1. Kiplinger Staff. The Minimum Savings You Need To Retire in All 50 States . Kiplinger, Nov. 2024, www.kiplinger.com/retirement/social-security/minimum-savings-to-retire-by-state . Accessed 15 Apr. 2025.

2. International Living Staff. Best Places to Retire in 2025: The Annual Global Retirement Index . International Living, 28 Nov. 2024, internationalliving.com/the-best-places-to-retire/. Accessed 15 Apr. 2025.

3. AARP Staff. “9 Great Affordable Places to Retire Abroad.” AARP , Feb. 2025, www.aarp.org/retirement/planning-for-retirement/info-2025/places-to-retire-abroad-cheap.html . Accessed 15 Apr. 2025.

4. Csiszar, John. “15 Most Affordable Places To Retire Abroad.” Nasdaq , 25 Aug. 2024, www.nasdaq.com/articles/15-most-affordable-places-retire-abroad . Accessed 15 Apr. 2025.

4. Investopedia Staff. Retirement Living Costs: These 6 States Will Drain Your Savings the Fastest . Investopedia, Nov. 2024, www.investopedia.com/most-expensive-states-to-retire-8729918 . Accessed 15 Apr. 2025.

What is the 401(k) plan offered by Apollo Global Management?

The 401(k) plan at Apollo Global Management is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

How can I enroll in the 401(k) plan at Apollo Global Management?

Employees can enroll in the Apollo Global Management 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

What types of contributions can I make to the Apollo Global Management 401(k) plan?

Employees at Apollo Global Management can make pre-tax contributions, Roth (after-tax) contributions, and may also have the option for catch-up contributions if they are age 50 or older.

Does Apollo Global Management match employee contributions to the 401(k) plan?

Yes, Apollo Global Management offers a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.

What is the vesting schedule for employer contributions in the Apollo Global Management 401(k) plan?

The vesting schedule for employer contributions at Apollo Global Management typically follows a graded vesting schedule, which means employees earn rights to employer contributions over a specified period.

Can I take a loan against my 401(k) at Apollo Global Management?

Yes, Apollo Global Management allows employees to take loans against their 401(k) plan balance, subject to certain terms and conditions.

What investment options are available in the Apollo Global Management 401(k) plan?

The 401(k) plan at Apollo Global Management offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can I change my contribution amount in the Apollo Global Management 401(k) plan?

Employees at Apollo Global Management can change their contribution amount at any time, typically through the HR portal or by contacting HR.

What happens to my 401(k) plan if I leave Apollo Global Management?

If you leave Apollo Global Management, you can choose to roll over your 401(k) balance to another retirement account, leave it in the Apollo plan (if eligible), or cash it out (subject to taxes and penalties).

Is there a minimum contribution requirement for the Apollo Global Management 401(k) plan?

Yes, Apollo Global Management may have a minimum contribution requirement for employees participating in the 401(k) plan, which is typically communicated during the enrollment process.

Additional Articles

Check Out Articles for Apollo Global Management employees

For more information you can reach the plan administrator for Apollo Global Management at 9 W 57th St New York, NY 10019; or by calling them at (212) 515-3200.