Retirement Planning Albany GA

Planning ahead for retirement is vital for people of all ages who wish to be financially independent once they opt to retire. Money can be allocated to investments or set aside in savings plans in order to avoid being used too early, though investments do involve some degree of risk. Many people save for retirement through employer-sponsored defined contribution plans, such as IRAs, 401(k)s, and profit sharing plans. Other types of plans and DIY retirement planning are also options and all of the available avenues are generally characterized by tax advantages.

Mr. Wesley H. Sadler, CFP®
(229) 420-9777
PO Box 71347
Albany, GA
Firm
Sadler Capital Management
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Insurance Planning, Investment Management, Long-Term Care, Retirement Income Management, Tax Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided by:
Ms. Rebecca T. Anderson, CFP®
(229) 439-2348
PO Box 70998
Albany, GA
Firm
Longleaf Financial Advisors LLC
Areas of Specialization
Comprehensive Financial Planning

Data Provided by:
Mr. William G. Sadler, CFP®
(229) 420-9777
2531 Lafayette Plaza Dr Ste C
Albany, GA
Firm
Sadler Capital Management
Areas of Specialization
Retirement Income Management, Retirement Planning

Data Provided by:
Mr. Sammy L. Smith Jr., CFP®
2520 Old Jim Davis Rd
Albany, GA
Firm
Waddell and Reed

Data Provided by:
SunTrust Bank
(229) 430-5512
410 West Broad Avenue
Albany, GA
Type
Branch, Mortgage Office
Office Hours
Monday: 9-4
Tuesday: 9-4
Wednesday: 9-4
Thursday: 9-4
Friday: 9-6 Weekend:
Drive Up Hours
Monday: 9-4
Tuesday: 9-4
Wednesday: 9-4
Thursday: 9-4
Friday: 9-6 Weekend:

Mr. John Dennis Haire, CFP®
(229) 888-6868
PO Box 70007
Albany, GA
Firm
Financial Strategies

Data Provided by:
Mr. Thomas F. Borst, CFP®
(229) 883-1135
1316 Dawson Rd
Albany, GA
Firm
Borst Investment Planning
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Insurance Planning, Investment Planning, Long-Term Care, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

Average Income: $50,001 - $100,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Britt C. Bazemore, CFP®
(229) 439-2348
208 N Westover Blvd Ste 201
Albany, GA
Firm
KingsMark Private Financial Advisors
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Ronald D. Hudson, CFP®
(229) 776-3311
201 E Pinson St
Sylvester, GA
Firm
Ronald D. Hudson, CPA, PC
Areas of Specialization
Accounting, Asset Allocation, Banking, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Self-Employed Business Owners

Data Provided by:
Bank of America - Albany Main
(229) 432-4119
128 S. Washington St.
Albany, GA
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5
Saturday Closed
Sunday Closed
Drive Up Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5
Saturday Closed
Sunday Closed

Data Provided by:

Retirement Planning

By: Jonas Zamora
Jonas Zamora is a Certified Financial PlannerTM professional. You may contact him at jzamora@zacks.com

Closing in on retirement?

Are you closing in on retirement? If your goal is to retire in the next five years, you are in that critical stage in the retirement planning cycle. You have to take care of details like your 401(k) distributions or rollover, exercise of stock options, pension distributions, and when to take social security payments. Then there's figuring out what you need to draw out of your investments when that big day arrives. What you do in the first five years after retirement will also play a key role over the following 25-30 years.

First, let's discuss your first steps five years before going off into retirement bliss:

1. Put more money away. I read an article that says we are saving too much for retirement. That is bunk! Let's say your retirement target is 65 years of age. Most of you will be able to and should contribute extra to your 401(k) after reaching 50 years of age. That amount is $15,500 per year plus catch up amount of $5,000. Over a 15-year time frame for someone who is 50 years old today, assuming a 7% annual return, the savings by age 65 amounts to over $500,000. Without the extra $5000 in contributions, you would only have around $376,000.

2. Over the last year to two years before retirement, consider being more conservative in your 401(k). Don't leave a majority of these assets in employer stock! If the market takes a nosedive, you still have a great base to invest and live off of when you retire. Diversify.

3. Remember to exercise those in-the-money stock options. Many folks get so excited about their last day at the office, they forget about exercising the valuable stock options while still profitable.

4. Place money in an emergency fund with 1-2 years worth of living expenses in a cash or CD account....

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