Retirement Planning Dalton 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. John Thomas Spicknall, CFP®
(706) 278-6999
PO Box 518
Dalton, GA
Firm
Capital Research Advisors

Data Provided by:
Mr. Allen P. Petway Jr., CFP®
(706) 278-2429
PO Box 1650
Dalton, GA
Firm
Investment & Retirement Manage

Data Provided by:
Ms. Carol Sutton Lumpkin, CFP®
(706) 278-6967
407 W Emery St
Dalton, GA
Firm
Carol Lumpkin

Data Provided by:
Mr. Jeffrey A. Browne, CFP®
(706) 226-0144
118 W King St
Dalton, GA
Firm
FSC Securities
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Investment Management, Investment Planning, Real Estate, Retirement Income Management
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Lonnie Edward Jones, CFP®
(706) 935-2684
7797 Nashville St
Ringgold, GA
Firm
Edward Jones
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Cross-Border Planning, Debt Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Not Applicable

Data Provided by:
Ms. Sara C. Pierce, CFP®
(706) 226-9995
PO Box 339
Dalton, GA
Firm
Morgan Keegan & Company
Areas of Specialization
Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Not Applicable

Data Provided by:
Mr. Kevin Scott Allen, CFP®
(706) 217-3732
201 W Waugh St
Dalton, GA
Firm
BB&T Wealth Management
Areas of Specialization
Banking, Business Succession Planning, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Planning, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Lowell Randall Russell Jr., CFP®
(706) 271-6177
2611 Foxmore Cir
Dalton, GA
Firm
Valic
Areas of Specialization
Comprehensive Financial Planning, Retirement Planning
Key Considerations
Average Net Worth: $100,000 or less

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

Profession: Non-Profit Employees

Data Provided by:
Mr. Macoy N. Griffin, CFP®
(706) 673-2721
428 Hasty Dr
Tunnel Hill, GA
Firm
SagePoint Financial

Data Provided by:
Mr. Jason E. Holland, CFP®
(706) 624-4080
108 N Court St
Calhoun, GA
Firm
Starr-Mathews Financial LLC
Areas of Specialization
Accounting, Asset Allocation, Comprehensive Financial Planning, Intergenerational Planning, Retirement Planning, Tax Planning, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



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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