Retirement Planning Denton TX

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.

Bryan Lee
Strategic Financial Planning, Inc.
(972) 403-1234
860 Hebron Parkway
Lewisville, TX
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Planning Concerns for Corporate Executives, Advising Entrepreneurs, Divorce Planning, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Bryan Clintsman
Clintsman Financial Planning
(817) 410-8200
660 N. Carroll Ave., Ste #140
Southlake, TX
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Planning Concerns for Corporate Executives, Middle Income Client Needs, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Christopher Currin
Pegasus Advisors, LLC
(877) 799-4647
1701 W Northwest Hwy Ste 100
Grapevine, TX
Expertises
Retirement Planning & Distribution Rules, Tax Planning, Investment Advice without Ongoing Management, Insurance Related Issues, including Annuities, Special Needs Planning, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Thomas Earl Muir, CFP®
(940) 600-4553
421 E Hickory St Ste 103
Denton, TX
Firm
Cultivar Capital, Inc.
Areas of Specialization
Comprehensive Financial Planning, General Financial Planning, Investment Management, Retirement Planning, Small Business Planning, Tax Planning, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Guy W. Jones, CFP®
(940) 566-0377
1421 N Elm St
Denton, TX
Firm
G&L Concepts, Inc.
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Business Executives

Data Provided by:
R. Douglas Pauley
Pauley Financial Services, Inc.
(972) 998-6468
4509 Saint Clair Ct
Flower Mound, TX
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues, Divorce Planning, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, AIF, BS, CFP®, MBA

Steve Blankenship
Heritage Financial Planning
(817) 410-5725
1452 Hughes Road, Suite 233
Grapevine, TX
Expertises
Ongoing Investment Management, Planning Concerns for Corporate Executives, High Net Worth Client Needs, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Gary A Calmes, CFP®
(940) 898-6229
1421 N. Elm
Denton, TX
Firm
Gary A. Calmes CPA, P.C.
Areas of Specialization
Accounting, Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management

Data Provided by:
Mr. David A. Shaver, CFP®
(940) 381-5533
701 S Carroll Blvd
Denton, TX
Firm
Wells Fargo Advisors
Areas of Specialization
Charitable Giving, Estate Planning, General Financial Planning, Insurance Planning, Investment Management, Men's Finances, Retirement Income Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. C. W. Biggs, CFP®
(940) 566-1313
211 Fort Worth Dr
Denton, TX
Firm
Biggs & Biggs Financial Archit
Areas of Specialization
Debt Management, General Financial Planning, Insurance Planning, Investment Planning, Mortgages, Social Security Planning, Tax Planning

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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