Retirement Planning Fontana CA

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.

David Barnett
Barnett Financial Planning
(714) 420-7225
11801 Pierce St., 2nd Floor
Riverside, CA
Expertises
Middle Income Client Needs, Retirement Plan Investment Advice, Ongoing Investment Management, Advising Medical Professionals, Real Estate Investments, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Rex B. Ramsey, CFP®
(909) 225-2315
12273 Highland Ave Ste 138
Rancho Cucamonga, CA
Firm
Wells Fargo Advisors
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Andrew J Chabot, CFP®
(909) 935-5555
11810 Sebastian Way Ste 105
Rancho Cucamonga, CA
Firm
LPL Financial Services
Areas of Specialization
Asset Allocation, Banking, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Arthur F. Cardenas, CFP®
(909) 226-8031
11810 Sebastian Way Ste 105
Rancho Cucamonga, CA
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Management, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Don G. Oldham, CFP®
(909) 605-1320
3281 E Guasti Rd
Ontario, CA
Firm
Morgan Stanley

Data Provided by:
Marlon Ortega
3359 Chicago Ave. Ste B
Riverside , CA
Company
Title: Managing Partner
Company: Foresters Financial Insurance Services Inc.
Years Experience
Years Experience: 20
Service
Mortgage Refinancing,Income for Life/ Preserve Principal,Alternative Investments,Life Insurance,Real Estate Investment Planning,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,Reverse Mortgage,Health Care Insurance,Retirement Planning,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Captive Insurance,401k Rollover From Employer,CD Alternative,Disab

Data Provided by:
Gregory R. Zolotar, CFP®
(760) 207-6414
12223 Highland Ave # 566
Rancho Cucamonga, CA
Firm
Triton Financial
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Paul Peiffer, CFP®
(909) 982-0607
8215 White Oak Ave Ste 100
Rancho Cucamonga, CA
Firm
Khandelwal & Associates

Data Provided by:
Mr. Paul Cooper, CFP®
(951) 681-1502
11042 Aries Way
Mira Loma, CA
Firm
Cooper Associates
Areas of Specialization
Comprehensive Financial Planning, Insurance Planning, Investment Planning, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Jose Bohon, CFP®
3650 14th St
Riverside, CA
Firm
US Trust
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues
Key Considerations
Average Net Worth: $5,000,001 or more

Average Income: $1,000,001 or more

Profession: Not Applicable

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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