Retirement Planning Bradenton FL

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.

Edward B. Aufman
Aufman Associates Inc.
(724) 934-5600
3010 Grand Bay Boulevard, Unit 412
Longboat Key, FL
Expertises
Estate & Generational Planning Issues, Ongoing Investment Management, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

James Shagawat
Baron Financial Group, LLC
(941) 922-1365
1990 Main Street, Suite 750
Sarasota, FL
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Advising Entrepreneurs, High Net Worth Client Needs, Helping Clients Identify & Achieve Goals, Special Needs Planning
Certifications
NAPFA Registered Financial Advisor, BA, MBA

Victor Cannillo
Baron Financial Group, LLC
(941) 922-1365
1990 Main Street, Suite 750
Sarasota, FL
Expertises
Retirement Planning & Distribution Rules, Real Estate Investments, Special Needs Planning, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Financial Issues Between Generations
Certifications
NAPFA Registered Financial Advisor

Joseph Downs
Reality Financial Planning Services, LLC
(941) 366-5700
3947 Clark Road
Sarasota, FL
Expertises
Cash Flow/Budgets/Credit Issues, Middle Income Client Needs, Hourly Financial Planning Services, Investment Advice without Ongoing Management, Retirement Plan Investment Advice, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Larry K. Winegar, CFP®
(941) 739-7027
6250 East State Road 70
Bradenton, FL
Firm
BB & T

Data Provided by:
Edward J. Aufman
Aufman Associates Inc.
(724) 934-5600
3010 Grand Bay Boulevard, Unit 412
Longboat Key, FL
Expertises
Estate & Generational Planning Issues, Ongoing Investment Management, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, RFP

Margery Schiller
Goar, Endriss & Walker P.A.
(941) 366-6380 Ext: 140
1590 First Street
Sarasota, FL
Expertises
Hourly Financial Planning Services, Investment Advice without Ongoing Management, Retirement Planning & Distribution Rules, College/Education Planning, Estate & Generational Planning Issues, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MA

William Hufnell
Annapolis Financial Services
(877) 626-8198
1990 Main Street Suite 750
Sarasota, FL
Expertises
Estate & Generational Planning Issues, Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BBA, CFP®, CPA, MS

Allen Osgood
Financial Freedom, LLC
(800) 503-9500
6151 Lake Osprey Drive, Third Floor
Sarasota, FL
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Lea Smith Johnson (RFC®), CFP, MBA
(941) 755-0975
4515 Barracuda Dr
Bradenton, FL
Company
AIG Advisor Group
Qualifications
Education: BS ,MBASeries 7,63,66Real Estate License, Pennsylvania State University BS and MBA, Finance. Honoraries: Alpha Iota Delta Nat'l. Decision Sciences Fraternity and Beta Gamma Sigma Nat'l. Business Womans Fraternity. Licenses: Life Insurance and Annuiti
Years of Experience: 11
Membership
IARFC, FPA, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Charitable Foundations, Asset Protection, BuySell, LiabCover, Compensation Plans

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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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