Retirement Planning Longview 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.

Mr. Russell Buckstaff, CFP®
1511 Judson Rd.
Longview, TX
Firm
Allstate

Data Provided by:
Shane T Sherwood, CFP®
(903) 297-9800
911 NW Loop 281
Longview, TX
Firm
Ameriprise Financial
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Retirement Income Management, Retirement Planning, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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



Data Provided by:
Mr. Dave L Spurrier, CFP®
(903) 295-8646
2820 Bill Owens Parkway
Longview, TX
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Fred W. Thomas (RFC®), CEP, LUTCF, MBA
(903) 968-6163
PO Box 26
Diana, TX
Company
Advanced Estate Planners
Qualifications
Education: BS, MBA
Years of Experience: 22
Membership
IARFC, MDRT, NAIFA, NICEP
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Healthcare Accounts, Charitable Foundations, Asset Protection, Compensation Plans

Data Provided by:
Chase Bank
(903) 234-2482
116 E S St
Longview, TX
Type
Freestanding
Office Hours
Mon:9:00-5:30
Tues:9:00-5:30
Wed:9:00-5:30
Thurs:9:00-5:30
Fri:9:00-6:00
Sat:9:00-1:00
Sun:closed

Mr. Tom E Riley, CFP®
(903) 753-5343
1302 Judson Rd
Longview, TX
Firm
RBC Wealth Management
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues

Data Provided by:
Mr. Herman C Bell Jr., CFP®
(903) 241-7510
911 W. Loop 281, Suite 310
Longview, TX
Firm
Morgan Stanley

Data Provided by:
Mrs. Kellyn R. Drayer, CFP®
(903) 753-1020
2002 Judson Rd Ste 202
Longview, TX
Firm
Stifel, Nicolaus & Company, Inc.

Data Provided by:
Mr. Patrick A. Vanburkleo, CFP®
(903) 843-2517
606 W. Tyler Suite C.
Gilmer, TX
Firm
LPL Financial

Data Provided by:
Capital One
(903) 241-9000
1111 Judson Road
Longview, TX
Type
Branch
Services
Drive-Up ATM Self Service Coin Counter Open after 5 PM Open on Saturday Branch Drive-Up Safe Deposit Box
Office Hours
Sun , Mon 9 AM - 5 PM, Tue 9 AM - 5 PM, Wed 9 AM - 5 PM, Thu 9 AM - 5 PM, Fri 9 AM - 5 PM,
Drive Up Hours
Sun , Mon 7:30 AM - 6 PM, Tue 7:30 AM - 6 PM, Wed 7:30 AM - 6 PM, Thu 7:30 AM - 6 PM, Fri 7:30 AM - 6 PM,

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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