Retirement Planning Muncie IN

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. William T. Isaacs, CFP®
(765) 289-3366
207 N High St
Muncie, IN
Firm
Wealth Strategies Inc
Areas of Specialization
Investment Planning

Data Provided by:
Ms. Stacy A. Terhune, CFP®
(765) 747-1521
200 E Jackson St
Muncie, IN
Firm
First Merchants Trust Company

Data Provided by:
Mr. Robert W. Lunsford, CFP®
(765) 288-3820
345 S. High St.
Muncie, IN
Firm
Ameriprise Financial Services Inc.

Data Provided by:
Mr. Dean E. Meyers, CFP®
(765) 288-4333
125 W Charles St
Muncie, IN
Firm
Edward Jones Co.
Areas of Specialization
Charitable Giving, Investment Planning, Long-Term Care, Retirement Income Management, Retirement Planning, Sudden Wealth Management, Young Professionals
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided by:
Mr. Adam Thomas Mchenry, CFP®
(765) 729-0400
3105 N Benton Rd
Muncie, IN
Firm
ProEquities
Areas of Specialization
Comprehensive Financial Planning, General Financial Planning, Insurance Planning, Investment Management, Investment Planning, Long-Term Care, Retirement Planning

Data Provided by:
Mr. Dennis E. Blair, CFP®
(765) 288-3820
Suite 120
Muncie, IN
Firm
Ameriprise Financial
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Investment Planning, Life Planning, Retirement Planning, Wealth Management

Data Provided by:
Charles V. Sursa, CFP®
(765) 288-0362
400 S. Walnut St.
Muncie, IN
Firm
Raymond James & Associates
Areas of Specialization
Investment Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Sean P. Hanson, CFP®
207 N High St
Muncie, IN
Firm
Wealth Strategies Inc. / Transamerica Financial Advisors

Data Provided by:
Brian Osner, CFP®
(765) 282-9941
700 W White River Blvd
Muncie, IN
Firm
Ameriprise Financial Services, Inc.
Key Considerations
Average Net Worth: $250,001 - $500,000

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



Data Provided by:
Mr. Randall L. Delph (RFC®), LUTCF
(765) 287-8988
3503A W Fox Ridge Ln
Muncie, IN
Company
Lifetime Wealth Management, Inc.
Qualifications
Years of Experience: 38
Membership
IARFC, NAIFA
Services
Invoice, Pension Planning, Retirement Planning, Seminars Work, Employee Benefits, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

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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