Retirement Planning Alexandria LA

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.

Ms. Anne Oestriecher, CFP®
(318) 448-3143
4641 Windermere Pl
Alexandria, LA
Firm
Oestriecher Financial Management Services
Areas of Specialization
Accounting, Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management

Data Provided by:
Mr. Robert H Kinberger, CFP®
(318) 487-9320
1910 Gus Kaplan Dr.
Alexandria, LA
Firm
Raymond James Financial Servic
Areas of Specialization
Estate Planning, Insurance Planning, Investment Management, Retirement Income Management, Retirement Planning, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Medical/Dental Professionals

Data Provided by:
Mr. Christopher M. Dufour, CFP®
(318) 308-3445
2230 S MacArthur Dr
Alexandria, LA
Firm
Edgefield Recovery Center
Areas of Specialization
Asset Allocation, Banking, Comprehensive Financial Planning, Debt Management, General Financial Planning, Investment Management, Mortgages
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Medical/Dental Professionals

Data Provided by:
Mr. R. Gene Cotton, CFP®
(318) 445-1666
1446 Peterman Dr
Alexandria, LA
Firm
Personal Management

Data Provided by:
Chase Bank
(318) 443-1383
3820 Jackson St Extension
Alexandria, LA
Type
Freestanding
Office Hours
Mon:8:30-5:00
Tues:8:30-5:00
Wed:8:30-5:00
Thurs:8:30-5:00
Fri:8:30-6:00
Sat:8:30-1:00
Sun:closed

Mr. H. Lindsey Torbett, CFP®
(318) 449-4911
5615 Jackson Street Ext
Alexandria, LA
Firm
Torbett Financial Strategies, LLC
Areas of Specialization
Business Succession Planning, Elder Care, Estate Planning, General Financial Planning, Intergenerational Planning, Life Planning, Life Transitions
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Joseph G. Descant Iii, CFP®
1446 Peterman Drive
Alexandria, LA
Firm
Descant Financial Partners, LLC

Data Provided by:
Mr. Donovan A Davis, CFP®
(318) 473-0116
812 Versailles Blvd Ste A
Alexandria, LA
Firm
LPL
Areas of Specialization
Budget Development, Comprehensive Financial Planning, Debt Management, Divorce Issues, Insurance Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Capital One
(318) 487-2365
4401 Coliseum Boulevard
Alexandria, LA
Type
Branch
Services
Drive-Up ATM Open on Saturday Branch Drive-Up Safe Deposit Box
Office Hours
Sun , Mon 9 AM - 5 PM, Tue 9 AM - 5 PM, Wed 9 AM - 5 PM, Thu 9 AM - 5 PM, Fri 9 AM - 5 PM,
Drive Up Hours
Sun , Mon 9 AM - 5 PM, Tue 9 AM - 5 PM, Wed 9 AM - 5 PM, Thu 9 AM - 5 PM, Fri 9 AM - 5 PM,

Chase Bank
(318) 448-6389
2203 Memorial Dr
Alexandria, LA
Type
Freestanding
Office Hours
Mon:8:30-5:00
Tues:8:30-5:00
Wed:8:30-5:00
Thurs:8:30-5:00
Fri:8:30-6:00
Sat:8:30-1:00
Sun: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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