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Retirement Planning Katy 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.

Gary Busch
Busch Financial Planning
(832) 529-4518
15840 FM 529, Suite 211
Houston, TX
Expertises
Hourly Financial Planning Services, Investment Advice without Ongoing Management, Retirement Plan Investment Advice, Middle Income Client Needs, Retirement Planning & Distribution Rules, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Jared Jameson
WJ Interests, LLC
(281) 634-9400
2333 Town Center Drive, Suite 100
Sugar Land, TX
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Retirement Planning & Distribution Rules, College/Education Planning, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Peter Regan
CEP Financial LLC
(281) 685-9715
12345 Jones Road, Suite 190
Houston, TX
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Insurance Related Issues, including Annuities, Planning Concerns for Corporate Executives, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CLU, MBA

Joseph Thomson
Horizon Advisors, LLC
(713) 748-7000
5851 San Felipe, Suite 700
Houston, TX
Expertises
Tax Planning, Estate & Generational Planning Issues, Financial Issues Between Generations, High Net Worth Client Needs, Retirement Planning & Distribution Rules, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, JD

Steven Estrin
The Financial Advisory Group Inc.
(713) 627-7660
5599 San Felipe. Suite 900
Houston, TX
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, MBA

Curtis Smith
Interactive Capital Management
(713) 521-9525
14090 Southwest Freeway, Suite 300
Sugar Land, TX
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Advising Medical Professionals, Retirement Plan Investment Advice, Planning Issues for Business Owners, Insurance Related Issues, including Annuities
Certifications
NAPFA Registered Financial Advisor, CFP®

Henry Bragg
Horizon Advisors, LLC
(713) 748-7000
5851 San Felipe, Suite 700
Houston, TX
Expertises
Helping Clients Identify & Achieve Goals, Ongoing Investment Management, Estate & Generational Planning Issues, Financial Issues Between Generations, High Net Worth Client Needs, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, CPA, MBA, MAcc

Larry Maddox
Horizon Advisors, LLC
(713) 748-7000
5851 San Felipe, Suite 700
Houston, TX
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Financial Issues Between Generations, Helping Clients Identify & Achieve Goals, Advising Entrepreneurs, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, MBA

Richard Alphonso
The Financial Advisory Group Inc.
(713) 627-7660
5599 San Felipe. Suite 900
Houston, TX
Expertises
Ongoing Investment Management, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CPA/PFS, JD, MS

Ms. Robin P. Giles, CFP®
(832) 304-1460
5130 Cinco Forest Trl
Katy, TX
Firm
Apex Wealth Management, LLC
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Divorce Issues, Education Planning, General Financial Planning, Intergenerational Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

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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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