Retirement Planning Bethlehem PA

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.

Michael Joyce
JoycePayne Partners
(610) 882-3882
74 West Broad Street, Suite 320
Bethlehem, PA
Expertises
Planning Concerns for Corporate Executives, Ongoing Investment Management, Alternative or Private Investments, Tax Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, MBA

Kevin Brosious
Wealth Management, Inc.
(484) 264-6270
1275 Glenlivit Drive, Suite 100
Allentown, PA
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Cash Flow/Budgets/Credit Issues, Planning Concerns for Corporate Executives, Hourly Financial Planning Services, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CPA, MBA, PFS

Mr. David E. Rowan, CFP®
(610) 442-7013
3970 Oliver Ave
Bethlehem, PA
Firm
Rowan Financial LLC

Data Provided by:
Mrs. Debra S. Flanley, CFP®
(610) 691-6800
One East Broad Street
Bethlehem, PA
Firm
Lincoln Investment Planning
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues, Education Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Not Applicable

Data Provided by:
Mr. Daniel G. Nigito, CFP®
(610) 997-8780
14 West Market Street
Bethlehem, PA
Firm
Market Street Financial Adviso
Areas of Specialization
Business Succession Planning, Charitable Giving, Estate Planning
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:
Christopher Jones
Sparrow Wealth Management
(877) 330-9191
3655 William Penn Highway
Easton, PA
Expertises
Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Planning Concerns for Corporate Executives, Advising Entrepreneurs, Professional Athletes or Entertainers, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Russell Wild
Global Portfolios
(610) 530-0078
1493 Cedarwood Road
Allentown, PA
Expertises
Retirement Plan Investment Advice, Hourly Financial Planning Services, Divorce Planning, Newlyweds & Novice Investors, Helping Clients Identify & Achieve Goals, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, MBA

Mr. Peter Bowe Marmaras, CFP®
(610) 465-1188
3101 Emrick Blvd Ste 315
Bethlehem, PA
Firm
Marmaras & Smith LLC

Data Provided by:
Mr. Jason R. Henninger, CFP®
561 Main St Ste 205
Bethlehem, PA
Firm
MB, Levis & Associates, LLC
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable



Data Provided by:
Ms. Earlaine C. Klingler, CFP®
(610) 954-0400
561 Main St
Bethlehem, PA
Firm
McQueen Ball & Associates

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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