Retirement Planning Palmdale CA

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.

Josette Hewitt
Al Hewitt Inc
(877) 254-9348
1120 West Ave M-4
Palmdale, CA
Expertises
Women's Financial Planning Issues, Advising Medical Professionals, Tax Planning, Ongoing Investment Management, Planning Issues for Business Owners, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AAMS, ABA, ATA, ATP, CFP®, EA

Ms. San T. Pham, CFP®
190 Sierra Ct Ste B12
Palmdale, CA
Firm
Ameriprise Financial Services, Inc.

Data Provided by:
Ms. M. L. Josette Hewitt, CFP®
(661) 945-7050
1120 West Ave M-4
Palmdale, CA
Firm
AL HEWITT, Inc.
Areas of Specialization
Comprehensive Financial Planning, General Financial Planning, Government and Military, Investment Management, Life Planning, Tax Planning, Tax Preparation
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Government Employees

Data Provided by:
Mr. Alan E. Hewitt, CFP®
(661) 945-7050
1120 West Ave M-4
Palmdale, CA
Firm
AL HEWITT, Inc.
Areas of Specialization
Comprehensive Financial Planning, Government and Military, Tax Planning, Tax Preparation
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Government Employees

Data Provided by:
Mr. Ralph C. Williams, CFP®
(661) 949-8477
848 W Lancaster Blvd Ste 102
Lancaster, CA
Firm
Centaurus Financial, Inc.

Data Provided by:
Alan E. Hewitt
Al Hewitt Inc
(877) 254-9348
1120 West Ave M-4
Palmdale, CA
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Tax Planning, Advising Medical Professionals
Certifications
NAPFA Registered Financial Advisor, AAMS, ATA, ATP, CFP®, EA, AWMA

Mr. Scott Evans, CFP®
(661) 948-0808
1058 West Avenue M14
Palmdale, CA
Firm
Burkey Cox Evans Bradford & Alden
Areas of Specialization
Accounting, General Financial Planning, Real Estate

Data Provided by:
Mr. Jerry Blakely, CFP®
(661) 265-0100
650 Commerce Ave Ste A
Palmdale, CA
Firm
Householder Group Financial Advisors
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Estate Planning, Intergenerational Planning, Investment Management, Long-Term Care
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Service Professionals

Data Provided by:
Mr. Timothy Hayes, CFP®
(661) 945-1828
PO Box 2166
Lancaster, CA
Firm
Timothy Hayes Financial & Insurance Service, Inc. / Crown Capital Securities, LP
Areas of Specialization
General Financial Planning, Retirement Planning

Data Provided by:
Mr. Gordon W. Elder, CFP®
(661) 940-7977
564 Eston Pl
Lancaster, CA
Firm
GORDON ELDER CFP
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Investment Planning, Retirement 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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