Retirement Planning Greenville SC

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. Joseph C. Rickman, CFP®
(864) 241-2777
35 W Court St
Greenville, SC
Firm
Wells Fargo Advisors
Areas of Specialization
Asset Allocation, Investment Management, Investment Planning, Retirement Income Management, Retirement Planning, Risk Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Amy R. Milionis, CFP®
17 W McBee Ave
Greenville, SC
Firm
UBS Financial Services Inc

Data Provided by:
Ms. Tracy L. Cope, CFP®
(864) 250-1819
P.O. Box 8499
Greenville, SC
Firm
Martha Louise Ramage Lewis, LLC

Data Provided by:
Mrs. Pamela G Batson, CFP®
(864) 370-7276
501 River St
Greenville, SC
Firm
Morgan Stanley
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Employee and Employer Plan Benefits, Estate Planning, Investment Management, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Mr. Kenneth Eugene Hicks, CFP®
(864) 787-9550
35 West Court Street
Greenville, SC
Firm
Wells Fargo Advisors

Data Provided by:
Jon M. Rogers (RFC®), CHFC, CLU, PHD
(864) 250-1376
P.O. Box 10767
Greenville, SC
Company
Rogers Financial Group,L.L.C.
Qualifications
Education: PhD
Years of Experience: 45
Membership
IARFC
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Compensation Plans

Data Provided by:
Mr. Bert R. Arrowood, CFP®
(864) 232-5101
17 W McBee Ave
Greenville, SC
Firm
UBS Financial Services
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Michael J West, CFP®
(864) 370-2050
101 W Camperdown Way Ste 600
Greenville, SC
Firm
Raymond James & Associates
Areas of Specialization
Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Education Planning, Elder Care
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Eric J. Morris, CFP®
(864) 233-3655
40 W Broad St Ste 420
Greenville, SC
Firm
Scott & Stringfellow, Inc.
Areas of Specialization
Business Succession Planning, Education Planning, General Financial Planning, Government and Military, Investment Management, Investment Planning, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Business Executives

Data Provided by:
Mr. Donald Scott Clardy, CFP®
501 E McBee Ave Ste 101
Greenville, SC
Firm
Northwestern Mutual

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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