Retirement Planning Columbus GA

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. Jeff W. Gordon, CFP®
(706) 649-5970
PO Box 23024
Columbus, GA
Firm
Synovus Family Asset Managemen

Data Provided by:
Mr. Robert Claude Crane, CFP®
(706) 593-8689
9000 Moore Rd
Columbus, GA
Firm
Wealth Builders / Best Management Solutions, Inc.

Data Provided by:
Lawrence W Hoffman Ii, CFP®
(706) 323-9980
18 9th St Ste 500
Columbus, GA
Firm
First Command Financial Planni
Areas of Specialization
Asset Allocation, Banking, Budget Development, 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: Government Employees

Data Provided by:
Dr. Terry W. Barnhardt (RFC®), MBA, PHD
(706) 576-4422
1200 Brookstone Center Parkway S-101
Columbus, GA
Company
Summit Brokerage Services, Incorporated
Qualifications
Education: Doctorate in Finance
Years of Experience: 37
Membership
IARFC, MDRT
Services
Invoice, Estate Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Seminars Work, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Business Coach, Charitable Planning, BuySell, Compensation Plans

Data Provided by:
Mr. Tyler A Townsend, CFP®
(706) 221-8200
6867 Mountainbrook Dr Ste 102
Columbus, GA
Firm
Townsend Wealth Management
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Estate Planning, Investment Management, Retirement Planning, Wealth Management

Data Provided by:
Mr. Greg A. Turnbull, CFP®
(706) 442-1617
7651 River Crest Dr Lot 3
Columbus, GA
Firm
Lanier Family Office

Data Provided by:
Mr. Stephen S Lorentz Sr., CFP®
(706) 644-8639
1148 Broadway
Columbus, GA
Firm
Synovus Financial/Columbus Ban
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000



Data Provided by:
Miss Katherine C. Dunlevie, CFP®
(706) 641-3997
1111 Bay Ave Ste 400
Columbus, GA
Firm
Synovus Family Asset Management

Data Provided by:
Mr. Lawrence W. Hoffman (RFC®), CFP, CHFC
(706) 323-9980
18 9th Street, Suite 500
Columbus, GA
Company
First Command Financial Planning
Qualifications
Education: BS in General Engineering from United States Military Academy (West Point). MS in Administration from Central Michigan. MS in Secondary School Education (Principal) from East Central University (Oklahoma).
Years of Experience: 11
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Family Offices, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Auto Home Insurance, Charitable Planning, Education Plan, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Raymond Lawton, CFP®
(478) 474-1106
807 Goodson Dr
Columbus, GA
Firm
Concorde Investment Services
Areas of Specialization
Comprehensive Financial Planning, General Financial Planning, Insurance Planning, Investment Planning, Life Transitions, Long-Term Care, Planning for Couples

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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