Retirement Planning Miramar FL

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.

Joel Bruckenstein
Global Financial Advisors, Inc.
(954) 885-1900
PO Box 277930
Miramar, FL
Expertises
Ongoing Investment Management, Middle Income Client Needs, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, CFS, CMFC

Charles Dolci
CWD Consulting, Inc.
(954) 581-8785
861 SW 58th Avenue
Plantation, FL
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Estate & Generational Planning Issues, Retirement Plan Investment Advice, Hourly Financial Planning Services, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BBA, CMFC, CPA/PFS

Benjamin Tobias
Tobias Financial Advisors
(954) 424-1660
1000 S. Pine Island Road, #250
Plantation, FL
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Advising Medical Professionals, High Net Worth Client Needs, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CIMA, CPA/PFS

Lydia Sheckels
Wescott Financial Advisory Group LLC
(305) 960-2357
200 South Biscayne Blvd., Suite 3400
Miami, FL
Expertises
Estate & Generational Planning Issues, Financial Issues Between Generations, Ongoing Investment Management, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, ChFc, CLU

Francis Armstrong
Investor Solutions, Inc.
(305) 443-3339
3250 Mary Street, Suite 207
Coconut Grove, FL
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, Charitable Giving - Trusts & Foundations, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AIFA, CFP®, CLU

Elizabeth Barrett
Sterling Wealth Advisors
(954) 771-1313
8201 Peters Road, Suite 1000
Plantation, FL
Expertises
Ongoing Investment Management, Planning Concerns for Corporate Executives, Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, Tax Planning, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, MA

Barry Katz
Caratel Financial Services, Inc.
(954) 916-2622
8201 Peters Road, Ste 1000
Plantation, FL
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Helping Clients Identify & Achieve Goals, Real Estate Investments, Retirement Planning & Distribution Rules, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MBA

Catherina Pareto
Cathy Pareto and Associates, Inc.
(305) 648-9814
2030 South Douglas Road, Suite 215
Coral Gables, FL
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Divorce Planning, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Karl Schwartz
Hewins Financial Advisors, LLC
(305) 358-8349
801 Brickwell Avenue, Suite 2350
Miami, FL
Expertises
High Net Worth Client Needs, Retirement Planning & Distribution Rules, Advising Medical Professionals, Planning Issues for Business Owners, Hourly Financial Planning Services, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA

William Neubauer
Comprehensive Money Management Services, LLC
(305) 662-7757
535 Vilabella Avenue
Coral Gables, FL
Expertises
Middle Income Client Needs, High Net Worth Client Needs, Planning Issues for Unmarried & Same-Sex Couples, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

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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