Retirement Planning North Las Vegas NV

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.

Sidney Blum
GreatLight Fee Only Advisors, LLC
(877) 333-1197
9060 W. Cheyenne Avenue Suite A
Las Vegas, NV
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Middle Income Client Needs, Retirement Planning & Distribution Rules, Planning Concerns for Corporate Executives
Certifications
NAPFA Registered Financial Advisor, ATP, BS, CFP®, ChFc, CPA, CPA/PFS

Greg Phelps
REDROCK WEALTH MANAGEMENT, LLC
(702) 987-1607
9480 S. Eastern Ave.
Las Vegas, NV
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, High Net Worth Client Needs, Financial Psychology/Coaching, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, AAMS, CFP®, CLU

Mr. James J. Manning, CFP®
(702) 592-0222
8117 Hesperides Ave
Las Vegas, NV
Firm
James J. Manning
Areas of Specialization
Accounting, Budget Development, Debt Management, Human Resources, Legal Advice, Small Business Planning

Data Provided by:
Ms. Stephanie J. Webb, CFP®
(702) 794-0400
606 S 9th St
Las Vegas, NV
Firm
Ameriprise Financial

Data Provided by:
Mr. Leonard J Yelinek, CFP®
(702) 362-7673
PO Box 30787
Las Vegas, NV
Firm
Wealth Management Group/MassMutual

Data Provided by:
Christopher Baum
Vannoy Advisory Group, Inc.
(702) 799-9720
Las Vegas
Las Vegas, NV
Expertises
Retirement Plan Investment Advice, Advising Employee Benefit Plan Participants, Planning Issues for Business Owners, Advising Medical Professionals, Newlyweds & Novice Investors
Certifications
NAPFA Registered Financial Advisor, CFP®

Christopher Jones
Sparrow Wealth Management
(877) 330-9191
870 Seven Hills Drive
Henderson, NV
Expertises
Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Planning Concerns for Corporate Executives, Advising Entrepreneurs, Professional Athletes or Entertainers, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Mr. Audry J Batiste, CFP®
(702) 556-2724
6628 Sky Pointe Dr Ste 129
Las Vegas, NV
Firm
Precise Financial Planning, LLC
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Government and Military, Investment Planning, Planning for Couples, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

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

Profession: Service Professionals

Data Provided by:
Ms. Janet Trigg, CFP®
3990 Vegas Dr
Las Vegas, NV
Firm
Las Vegas Real Estate Sales, LLC
Areas of Specialization
Estate Planning, Real Estate, Wealth Management

Data Provided by:
Mr. Mark J. Sudol, CFP®
(702) 382-4624
6135 S. Rainbow Blvd. Ste. 100
Las Vegas, NV
Firm
The Sudol Group - Wealth Management Specialists

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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