Retirement Planning Pocatello ID

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. Lance D. Perkins, CFP®
(208) 238-1184
P.O. Box 2444
Pocatello, ID
Firm
Wealth Strategies, LLC

Data Provided by:
Mr. Ronald W. Petersen, CFP®
(208) 232-6594
353 N 4th Ave
Pocatello, ID
Firm
Ameriprise Financial Advisors
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. George J. Katsilometes, CFP®
(208) 232-6594
353 N 4th Ave
Pocatello, ID
Firm
Ameriprise Financial

Data Provided by:
Mr. Ron D. Clayson, CFP®
(208) 775-3252
1054 Inman Rd
Inkom, ID
Firm
Royal Alliance Associates, Inc

Data Provided by:
US Bank - North Yellowstone Office
(208) 478-6614
855 Yellowstone
Pocatello, ID
Drive Up Hours
Mon 09:30 am to 05:00 pm
Tue 09:30 am to 05:00 pm
Wed 09:30 am to 05:00 pm
Thur 09:30 am to 05:00 pm
Fri 09:30 am to 06:00 pm
Sat 10:00 am to 02:00 pm

Trent A Yost, CFP®
(208) 237-2277
1455 Bench Rd Ste B
Pocatello, ID
Firm
The O.N. Equity Sales Company
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Debt Management, Divorce Issues
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Mr. Robert E. Gillette, CFP®
(208) 237-6311
3615 McCaleb Dr
Pocatello, ID
Firm
Camden Financial Services
Areas of Specialization
Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Investment Planning, Planning for Couples, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided by:
Ms. Angela T. Moss, CFP®
(208) 232-5471
109 N Arthur Ave
Pocatello, ID
Firm
Jordan & Company Chartered

Data Provided by:
Chase Bank
(208) 478-9500
800 Yellowstone Ave, Ste A
Pocatello, ID
Type
In-store
Office Hours
Mon:9:00-7:00
Tues:9:00-7:00
Wed:9:00-7:00
Thurs:9:00-7:00
Fri:9:00-7:00
Sat:9:00-4:00
Sun:closed

Wells Fargo - Pocatello Eastside
(208) 235-3369
751 E Clark St
Pocatello, ID
Type
Branch
Office Hours
Mon-Thu 09:30 AM-05:00 PM
Fri 09:30 AM-06:00 PM
Sat-Sun Closed

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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