Retirement Planning Clarksville TN

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. Roland J. Sample, CFP®
(931) 553-4050
PO Box 30368
Clarksville, TN
Firm
Advanced Financial Concepts

Data Provided by:
Mr. Jocelyn Brandon Roberts, CFP®
(931) 802-3423
960 Webb Rd
Clarksville, TN
Firm
J. Brandon Roberts
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Debt Management, Education Planning, Estate Planning, General Financial Planning

Data Provided by:
Robert Rayleigh Bevans, CFP®
(931) 206-1387
212 Madison St Ste 102B
Clarksville, TN
Firm
BevCo
Areas of Specialization
Business Succession Planning, Divorce Issues, Employee and Employer Plan Benefits, Insurance Planning, Long-Term Care, Special Needs Planning

Data Provided by:
Kathy B Ellis, CFP®
(931) 905-0050
2321 Rudolphtown Rd
Clarksville, TN
Firm
Raymond James Financial Servic
Areas of Specialization
Asset Allocation, General Financial Planning, Retirement Income Management, Retirement Planning, Small Business Planning

Data Provided by:
Bank of America - St Bethlehem
(931) 553-2270
2502 Wilma Rudolph Blvd
Clarksville, TN
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Braille, Accepts Deposits, Drive Up
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5:30
Saturday 9-1
Sunday Closed
Drive Up Hours
Monday 8:30-5
Tuesday 8:30-5
Wednesday 8:30-5
Thursday 8:30-5
Friday 8:30-5:30
Saturday 9-1
Sunday Closed

Mr. Michael W. Thomas, CFP®
(931) 920-5029
101 S 3rd St
Clarksville, TN
Firm
Merrill Lynch
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Investment Management, Investment Planning

Data Provided by:
Mr. Steven G. Williams, CFP®
(931) 245-2154
124 Center Pointe Drive
Clarksville, TN
Firm
Stone, Rudolph, and Henry Fina

Data Provided by:
Nicholas H. Meriwether (RFC®), CHFC, CLU
(931) 358-3961
662 Sango Rd Ste A
Clarksville, TN
Company
Financial Planning Center, LLP
Qualifications
Education: Hopkinsville High School, American College
Years of Experience: 29
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, 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, Charitable Planning, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Bank of America - Clarksville Legion
(931) 553-2230
215 Legion St
Clarksville, TN
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Braille, Accepts Deposits, Drive Up
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5:30
Saturday Closed
Sunday Closed
Drive Up Hours
Monday 8:30-5
Tuesday 8:30-5
Wednesday 8:30-5
Thursday 8:30-5
Friday 8:30-5:30
Saturday Closed
Sunday Closed

US Bank - Clarksville-Main Office
(931) 221-4320
1 Public Sq
Clarksville, TN
Drive Up Hours
Mon 08:30 am to 04:00 pm
Tue 08:30 am to 04:00 pm
Wed 08:30 am to 04:00 pm
Thur 08:30 am to 04:00 pm
Fri 08:30 am to 05:30 pm

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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