Retirement Planning Johnson City TN

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. David F. Paduch, CFP®
(423) 979-3835
214 East Mountcastle Drive
Johnson City, TN
Firm
UBS Financial Services
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Investment Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Paul I Jepson, CFP®
(423) 461-1248
2112 N Roan St Fl 8
Johnson City, TN
Firm
First Tennessee Bank

Data Provided by:
Adam Crouch
101 East Unaka
Johnson City, TN
Company
Title: REGISTERED REPRESENTIVE
Company: LINSCO PRIVATE LEDGER
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
MILLIGAN COLLEGE BUSINESS/PHYCHOLOGY
NORTHWESTERN UNIVERSITY FINANCE/TRUST
UNIVERSITY OF COLORODO TRUST
Years Experience
Years Experience: 28
Service
Alternative Asset Class Planning,Annuity Ideas & Strategy Planning,Asset Protection Strategies & Planning,Income for Life/ Preserve Principal,Health Care Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Estate Tax Planning,Stock Market Alternative,Disability Insurance,Retirement Planning,Long-Term Health Care Planning,Planning For Personal Finances & Budgeting,Individual Income Tax Planning,Pension for Highly Compensated Owners,Wealth Management,Life Insuranc

Data Provided by:
Mrs. Elizabeth N. Taylor, CFP®
(423) 979-4780
203 Broyles Dr Ste 200
Johnson City, TN
Firm
Wells Fargo Advisors, LLC

Data Provided by:
Ms. Lois Ann Carrier, CFP®
(423) 610-0099
508 Princeton Rd
Johnson City, TN
Firm
Carrier & Maurice Inv't. Advisors
Areas of Specialization
Asset Allocation, Investment Management, Investment Planning, Life Planning, Long-Term Care, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. David L. Maurice, CFP®
(423) 610-0099
508 Princeton Rd
Johnson City, TN
Firm
Carrier & Maurice Invstment Advisors
Areas of Specialization
Asset Allocation, Estate Planning, Investment Management, Investment Planning, Retirement Income Management, Retirement Planning, Special Needs Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. William A. Benedetto, CFP®
(423) 283-0400
1907 North Roam Street
Johnson City, TN
Firm
William A Benedetto CFP, EA

Data Provided by:
Mr. Jason A. Conkin, CFP®
(423) 282-5191
206 Princeton Rd
Johnson City, TN
Firm
Merrill Lynch

Data Provided by:
Mrs. Candice Landers Chandley, CFP®
(423) 461-1238
2112 N Roan St Fl 8
Johnson City, TN
Firm
First Tennessee
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning, Investment Planning, Long-Term Care

Data Provided by:
Mr. Alexander D. Swatzell, CFP®
(423) 282-0514
801 Sunset Dr # A-1
Johnson City, TN
Firm
Marmo Financial Group, LLC.
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Investment Management, Retirement Planning, Young Professionals
Key Considerations
Average Net Worth: $250,001 - $500,000

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



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....

Click here to read the rest of this article at Zacks.com