Retirement Planning Naples 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.

Keith Amburgey
Rutherford Asset Planning, Inc.
(239) 261-3344
5150 Tamiami Trail North, Suite 204
Naples, FL
Expertises
Ongoing Investment Management, Real Estate Investments, Alternative or Private Investments, High Net Worth Client Needs, Retirement Plan Investment Advice, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®

Diahann Lassus
Lassus Wherley
(239) 495-1520
3333 Renaissance Blvd., Suite 207
Bonita Springs, FL
Expertises
Ongoing Investment Management, Charitable Giving - Trusts & Foundations, Estate & Generational Planning Issues, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CPA/PFS, MBA

Clare Wherley
Lassus Wherley
(239) 495-1520
3333 Renaissance Blvd., Suite 207
Bonita Springs, FL
Expertises
Planning Concerns for Corporate Executives, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Women's Financial Planning Issues, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, MBA

Mr. Richard J. Drew, CFP®
7935 Princeton Dr
Naples, FL

Data Provided by:
Mr. Adam S. Deane, CFP®
3021 Airport Pulling Rd N Ste 202
Naples, FL
Firm
Ronin Capital Management

Data Provided by:
Ramsey Bova
Moneywatch Advisors, Inc.
(239) 597-1117
4524 Silver Fox Drive
Naples, FL
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, Helping Clients Identify & Achieve Goals, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

Paul Pignone
Boston Retirement Advisors, LLC
(239) 444-1714
27499 Riverview Center Boulevard -Suite 123
Bonita Springs, FL
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Hourly Financial Planning Services, High Net Worth Client Needs, Middle Income Client Needs
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®, ChFc, CLU, CSA

Mr. William J. O'Brien, CFP®
(239) 777-5639
5270 Golden Gate Parkway
Naples, FL
Firm
Innovative Mortgage Services

Data Provided by:
Mr. Steven D. Mielke, CFP®
(239) 331-2417
3811 Airport Rd N Ste 105
Naples, FL
Firm
Thrivent Financial for Lutherans
Areas of Specialization
Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Investment Management, Long-Term Care, Wealth Management

Data Provided by:
Ms. Katherine A. Praydick-Meo, CFP®
(239) 384-9984
2925 Coco Lakes Dr
Naples, FL
Firm
Katherine A. Praydick-Meo, CFP
Areas of Specialization
Comprehensive Financial Planning, Divorce Issues, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

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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