Retirement Planning Long Beach 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.

W. David Armes
Dover Healthcare Planning LLC
(562) 343-5377
461-102 Kakkis Drive
Long Beach, CA
Expertises
Insurance Related Issues, including Annuities, Advising Employee Benefit Plan Participants, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Sandra Field
Asset Planning Inc.
(714) 827-5794
10833 Valley View St., Suite 470
Cypress, CA
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Hourly Financial Planning Services, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Abbas Heydari
Abbasali Heydari
(310) 792-2090
21535 Hawthorne Blvd. Suite 355
Torrance, CA
Expertises
Helping Clients Identify & Achieve Goals, Cash Flow/Budgets/Credit Issues, Retirement Plan Investment Advice, Estate & Generational Planning Issues, Ongoing Investment Management, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®

Scott Leonard
Trovena LLC
(310) 697-0400
417 Beryl Street
Redondo Beach, CA
Expertises
Ongoing Investment Management, Advising Entrepreneurs, Retirement Plan Investment Advice, High Net Worth Client Needs, Planning Issues for Business Owners, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CEA, CFP®

Eric Toya
ONCUBIC LLC
(310) 697-0400
417 Beryl Street
Redondo Beach, CA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Estate & Generational Planning Issues, Socially Responsible Investments
Certifications
NAPFA Registered Financial Advisor, CFP®

Delia Fernandez
Fernandez Financial Advisory,LLC
(562) 594-4454
5212 Katella Avenue, Suite 205
Los Alamitos, CA
Expertises
Advising Employee Benefit Plan Participants, Ongoing Investment Management, Retirement Planning & Distribution Rules, Middle Income Client Needs, Investment Advice without Ongoing Management, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Louis Barajas
Louis Barajas, Wealth Planning
(562) 347-0070
10330 Pioneer Blvd., Suite 250
Santa Fe Springs, CA
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Advising Entrepreneurs, Advising Medical Professionals, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, CFP®, EA, MBA

Douglas Taylor
Taylor Wealth Management
(310) 540-8000
3655 Torrance Blvd., Suite 347
Torrance, CA
Expertises
Ongoing Investment Management, Tax Planning, Retirement Planning & Distribution Rules, College/Education Planning, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

Carl Carpenter
Beacon Financial Partners, LLC
(714) 969-8484
2130 Main Street, Suite 233
Huntington Beach, CA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Middle Income Client Needs, Helping Clients Identify & Achieve Goals, Planning Concerns for Corporate Executives
Certifications
NAPFA Registered Financial Advisor, BS, CFA, CFP®

David Little
Eclectic Associates, Inc.
(714) 738-0220
1021 W. Bastanchury Road, Suite 120
Fullerton, CA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, College/Education Planning, Charitable Giving - Trusts & Foundations, Tax Planning, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, BS, CFA, CFP®

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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