Retirement Planning Beaumont TX

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.

Ray Courville (RFC®), LUTCF, RHU
(409) 860-7250
P O Box 5636
Beaumont, TX
Company
Retirement Concepts
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, BuySell, Compensation Plans

Data Provided by:
Mr. Thomas H. Thompson, CFP®
(409) 896-2780
1495 Belvedere Dr
Beaumont, TX
Firm
Tommy Thompson Investmts & Ins

Data Provided by:
Mr. John P. Parker, CFP®
(409) 860-3547
229 Dowlen Rd.
Beaumont, TX
Firm
Edward Jones

Data Provided by:
Eugene A. Vallorani (RFC®), CHFC
(409) 840-6900
1391 Calder Street
Beaumont, TX
Company
Asset Growth Associates of Texas
Qualifications
Education: BA
Years of Experience: 35
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Compensation Plans

Data Provided by:
Mrs. Celia G. Scott, CFP®
(409) 835-9400
350 Pine
Beaumont, TX
Firm
AXA Advisors, LLC
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Retirement Planning, Women's Finances
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. John R Ceravolo, CFP®
(409) 654-3241
3450 Dowlen Road Ste A
Beaumont, TX
Firm
UBS Financial Services Inc.
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Brock A. Carlin, CFP®
(409) 899-8026
4055 Dowlen Rd
Beaumont, TX
Firm
Morgan Stanley
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Investment Management, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $250,001 - $500,000

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



Data Provided by:
Mr. Tim C. Satre, CFP®
(409) 924-9434
4184 Treadway Rd
Beaumont, TX
Firm
Ameriprise Financial Services, Inc.

Data Provided by:
Ms. Charlotte M. Jungen, CFP®
(409) 892-0233
3440 Eastex Fwy
Beaumont, TX
Firm
Edgar Kiker & Cross PC

Data Provided by:
W. Todd Hickman (RFC®), CSA
(409) 832-9922
1391 Calder Avenue
Beaumont, TX
Company
Asset Growth Associates Tax and Retirement Advisors
Qualifications
Education: BBA
Years of Experience: 24
Membership
IARFC, SCSA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Healthcare Accounts, BuySell, Compensation Plans

Data Provided by:
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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