Retirement Planning Laredo 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.

Harry W. Beltran (RFC®), MBA
(956) 724-5921
1701 Jacaman Rd. Ste. #RP12
Laredo, TX
Company
Omega Financial Concepts
Qualifications
Years of Experience: 15
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Seminars Work, Employee Benefits, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Wells Fargo - Laredo Heights
(956) 726-8204
1220 Guadalupe St
Laredo, TX
Type
Branch
Office Hours
Mon-Fri 08:30 AM-06:00 PM
Sat 09:00 AM-03:00 PM
Sun Closed

Chase Bank
(956) 717-3100
1920 Bob Bullock Loop
Laredo, TX
Type
Freestanding
Office Hours
Mon:9:00-6:00
Tues:9:00-6:00
Wed:9:00-6:00
Thurs:9:00-6:00
Fri:9:00-6:00
Sat:9:00-3:00
Sun:closed

Bank of America - Mall Del Norte
(956) 728-9208
5313 San Dario
Laredo, TX
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Braille, Accepts Deposits, Drive Up
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-6
Saturday 9-3
Sunday Closed
Drive Up Hours
Monday 8:30-6
Tuesday 8:30-6
Wednesday 8:30-6
Thursday 8:30-6
Friday 8:30-6
Saturday 9-3
Sunday Closed

Wells Fargo - Laredo Loop 20
(956) 726-8400
10611 Mcpherson Rd
Laredo, TX
Type
Branch
Office Hours
Mon-Thu 08:30 AM-06:00 PM
Fri 08:30 AM-07:00 PM
Sat 10:00 AM-03:00 PM
Sun Closed

Mr. Joseph Rothstein, CFP®
(956) 724-2144
PO Box 2185
Laredo, TX
Firm
International Asset Mgmt Inc
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Cross-Border Planning, Debt Management, Divorce Issues, Employee and Employer Plan Benefits, Estate Planning

Data Provided by:
Wells Fargo - Laredo Downtown
(956) 726-8200
1100 Matamoros St
Laredo, TX
Type
Branch
Office Hours
Mon-Fri 08:30 AM-05:00 PM
Sat 10:00 AM-02:00 PM
Sun Closed

Wells Fargo - Laredo Mall Del Norte
(956) 726-8240
5219 San Dario Ave
Laredo, TX
Type
Branch
Office Hours
Mon-Thu 08:30 AM-07:00 PM
Fri 08:30 AM-07:30 PM
Sat 09:00 AM-05:00 PM
Sun Closed

Bank of America - Laredo
(956) 728-6830
7676 McPherson Road
Laredo, TX
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Braille, Accepts Deposits, Drive Up
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-5
Saturday 9-3
Sunday Closed
Drive Up Hours
Monday 8:30-6
Tuesday 8:30-6
Wednesday 8:30-6
Thursday 8:30-6
Friday 8:30-6
Saturday 9-3
Sunday Closed

Chase Bank
(956) 722-3916
10720 International Blvd
Laredo, TX
Type
Freestanding
Office Hours
Mon:9:00-6:00
Tues:9:00-6:00
Wed:9:00-6:00
Thurs:9:00-6:00
Fri:9:00-6:00
Sat:9:00-3:00
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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