Retirement Planning Laconia NH

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.

Susan John
Financial Focus, Inc.
(603) 569-1994
40 Mill Street, PO Box 2250
Wolfeboro, NH
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Financial Issues Between Generations, Planning Issues for Business Owners, Retirement Planning & Distribution Rules, Real Estate Investments
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®

Claudia Shilo
Ballentine Partners, LLC
(603) 569-1717
55 Mill Street, PO Box 1860
Wolfeboro, NH
Expertises
Cash Flow/Budgets/Credit Issues, Planning Concerns for Corporate Executives, Estate & Generational Planning Issues, Financial Issues Between Generations, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS, MPFP

James Fitts
Harvest Capital Management, Inc.
(603) 224-6994
114 North Main Street, Suite 301
Concord, NH
Expertises
Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Planning Issues for Business Owners, High Net Worth Client Needs, Charitable Giving - Trusts & Foundations, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Thomas E. Space, CFP®
(603) 524-1599
83 Goodwin Rd.
Gilford, NH
Firm
Advisors Financial Planning Gr
Areas of Specialization
Charitable Giving, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning, Investment Management, Long-Term Care, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
David Pereira, CFP®
(603) 524-2005
36 Country Club Rd Unit 822
Gilford, NH
Firm
Modern Woodmen of America
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Insurance Planning, Investment Planning, Long-Term Care, Retirement Income Management, Retirement Planning
Key Considerations
Profession: Not Applicable

Data Provided by:
Roy Ballentine
Ballentine Partners, LLC
(603) 569-1717
55 Mill Street, PO Box 1860
Wolfeboro, NH
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Financial Issues Between Generations, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, ChFc, CLU, MA

Robert Maloney
Squam Lakes Financial Advisors, LLC
(603) 968-2317
31 Coxboro Road-Box 730
Holderness, NH
Expertises
Women's Financial Planning Issues, Planning Issues for Business Owners, Estate & Generational Planning Issues, Financial Issues Between Generations
Certifications
NAPFA Registered Financial Advisor, MSFS

Mr. Richard Vincent Breton, CFP®
(603) 528-5212
617 Main Street
Laconia, NH
Firm
Wedbush Securities, INC

Data Provided by:
Ms. Linda M. Knott, CFP®
(603) 832-0002
174 Court Street
Laconia, NH
Firm
LPL Financial
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Pauline P Simeonov, CFP®
(800) 221-3970
14 Country Club Rd.
Gilford, NH
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Comprehensive Financial Planning, General Financial Planning, Retirement Income Management, Retirement Planning

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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