Retirement Planning Hollister 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.

Mary Lacey Gibson, CFP
Mary Lacey Gibson, CFP
(831) 623-2126
383 Olympia
San Juan Bautista, CA
Expertises
Newlyweds & Novice Investors, Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Hourly Financial Planning Services, Retirement Planning & Distribution Rules, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Mark Cory Vivian, CFP®
(831) 634-0694
615 San Benito St Ste C
Hollister, CA
Firm
Edward Jones
Areas of Specialization
Comprehensive Financial Planning, Divorce Issues, Estate Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000



Data Provided by:
Mrs. Rhonda L Staelgraeve-Secor, CFP®
885 Via Vaquero Norte
San Juan Bautista, CA
Firm
N/A
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Insurance Planning
Key Considerations
Average Net Worth: $5,000,001 or more

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Ravi Ramanathan Chandhiramouli, CFP®
(805) 358-2269
9723 Desert Bloom Pl
Gilroy, CA
Firm
TATA CONSULTANCY SERVICES
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Media/Arts Professionals

Data Provided by:
Wells Fargo - San Benito & 6Th
(831) 637-5551
575 San Benito St
Hollister, CA
Type
Branch
Office Hours
Mon-Thu 09:00 AM-05:00 PM
Fri 09:00 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Mr. Bruce R. Beetz, CFP®
(831) 637-6696
PO Box 1371
Hollister, CA
Firm
Alchemy Investment Planning

Data Provided by:
Ms. Mary L. Gibson, CFP®
(831) 623-2126
383 Olympia Ave
San Juan Bautista, CA
Firm
Mary Lacey Gibson, CFP(R)
Areas of Specialization
Asset Allocation, General Financial Planning, Investment Planning, LGBT Individuals and Couples, Life Planning, Planning for Couples, Retirement Income Management
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Paul V. Vanni, CFP®
(408) 847-4330
7937 Hanna St
Gilroy, CA
Firm
SVH&K CPAs

Data Provided by:
Mr. David T. Marshall, CFP®
(831) 757-1586
1586 Moffett Street
Salinas, CA
Firm
Marshall Wealth Management Gro

Data Provided by:
Wells Fargo - Hollister
(831) 637-7452
1700 Airline Hwy
Hollister, CA
Type
In-Store Branch
Office Hours
Mon-Sat 09:00 AM-06:00 PM
Sun Closed

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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